"Fed survey shows U.S. recession may be over" - Politico gnashes teeth while passing on the news

[Jackeens]

CAN'T BUY THAT TIMING: Here's a headline the White House has to like, coming hours before POTUS's speech to Congress -- "Fed survey shows U.S. recession may be over," courtesy of the Associated Press.

AP reports: "The Federal Reserve's snapshot of economic conditions backs predictions by Fed Chairman Ben Bernanke and most other analysts that the economy has started to grow once again in the current quarter.

"In the new survey, all but one of the Fed's 12 regions indicated that economic activity was 'stable,' showed 'signs of stabilization' or had 'firmed.' The one exception was the St. Louis region, which continued to report that the pace of decline in economic activity appeared to be 'moderating.'

Looking ahead, businesses in most Fed regions said they were 'cautiously positive' about the economic outlook."

http://www.politico.com/politico44/index.html?refresh=1

[Liberal_Stalwart71]

1. I'll start to believe it more when there are MORE jobs and less unemployment.

I know that these economic indiators are typically the last to turn around, but it is what it is. I see to see improvement in those two areas.