Monday, August 31, 2009

Is the end of the recession near?

Ah, pundits galore!

Is the recession near the end or not?

I think the driving force will be a return to a global normalcy of trade, which I don't think is occurring. The Buy American clause is perhaps one of the craziest ideas, which I'm not sure will stick ... but we'll have to wait and see.

For now, I'm a little skeptical, because credit still hasn't loosened, and the rates and earnings are still a little tight ... until I see that occur, I'm not convinced.

My two cents for the day.

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