"The Great Recession, which rolled over our financial lives like one of P.J. Keating's giant pavers, is most likely over. Home sales, while still far below the levels of a year ago, have risen for three straight months—a first since 2004. The stock market has rallied 44 percent since March, thanks to renewed optimism and improving earnings from big companies like Goldman Sachs and Apple. In June, seven of the 10 indicators in the Conference Board Leading Economic Index pointed upward, including manufacturing hours worked and unemployment claims...... Read full article"
More reactions:
Obama rips NEWSWEEK's cover. We rip back. (Newsweek)
Obama mocks Newsweek cover, Newsweek hits back (CNNPolitics)
Obama: 'Newsweek' Says Recession Is Over, But I Don't (NPR)
Obama Says Recession Nears End as Data Improve While Polls Fall (Bloomberg)
Recession over? No, says Obama (The Age)
Live from Raleigh, Barack Obama (USA Today)
Obama defends stimulus package: 'We have stopped the freefall' (SunTimes.com)
Check out next post on 1929-30 bear market rally chart...
