Good news about the economy is what we love to hear around hear at Financial Elite and a growing number of economists say they see signs that the battered U.S. economy could start to recover as soon as this summer.
CNNMoney.com posted several good news articles today when unemployment is at a 25 year high. Housing prices continuing to fall. Corporate titans such as General Motors on the brink of bankruptcy. There's no lack of bad economic news.
And yet, amid the gloom, there are a growing number of economists that see a recovery on the horizon, perhaps even a strong rebound.
They say that a number of indicators appear to have bottomed out in recent months. Job losses may have peaked in January. Home sales are starting to pick up. stocks are enjoying a strong rally.
And because the economy has experienced such a steep decline in the current downturn, some economists are hopeful the recovery ahead will be much stronger than the anemic gains that came about after the end of the previous two recessions.
Other good news in the economy shows airlines improve for 1st time in 5 years, but annual survey shows low passenger volume could account for the gain.
Airline performance improved in 2008 for the first time in five years, according to an annual airline quality report released Monday.
The survey, conducted by two veteran industry experts, ranks the 17 biggest U.S. airlines based on baggage handling, on time arrivals, denied boardings and customer complaints.
After a record low industry rating in 2007, all 17 airlines improved their performance in 2008, according to the Airline Quality Rating (AQR) report.
More good news shows life in California real estate. There's a lot of activity out on the coast that may indicate a reawakening of the housing market tjere and across the country.
No state has been harder hit by the housing bust than California.
It has piled up more foreclosures and has endured among the worst home price declines. The median price of a single family home sold in February was $247,590, down 41% from 12 months earlier, according to the California Association of Realtors (CAR).
And home construction in the Golden State has nearly vanished: December housing permits shrank to about a quarter of what they were during the boom years, according to the National Association of Homebuilders.
But there are signs that California's housing market may be coming out of this tailspin: Sales volume is increasing, investors are returning and inventory is shrinking.
Here it is folks economic recovery is underway. Let's keep the good news coming. Remember good news=good economy.
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