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Economists See US and Global Recovery
The Bonddad Blog — ... of the government’s role in this crisis isn’t what it has done, but what it hasn’t done: unlike the private sector, the federal government hasn’t slashed spending as its income has fallen. (State and local governments are a different story.) Tax receipts are way down, but Social Security checks are still going out; Medicare is still covering hospital bills; federal employees, from judges to park rangers to soldiers, are still being paid. And consider this: From Bloomberg: Confidence in the world economy surged to a 22-month high in ...

Ray of light: Global economic confidence surges in August
BloggingStocks — Filed under: International markets, Forecasts, Good news, RecessionNeed another 'green shoot' to bolster your investment sentiment? Try this one: confidence in the global economy surged to a 22-month high in August on signs the worst global recession since the end of World War II is nearing an end. The Bloomberg Professional Global Confidence Index soared to 58.12 this month from 39.13 in July. The survey sampled more than 2,300 Bloomberg users August 3-7. Continue reading Ray of light: Global economic confidence surges in August Ray of light: Global economic confidence surges ...

Heading in Different Directions
The Big Picture — Talk that the economy is on the road to recovery is growing louder. On Monday, for instance, MarketWatch reported that “economists say the recession is over.” Of course, Wall Street has been quick to jump on the bandwagon. A recent Bloomberg survey of U.S. users, many of whom work in the financial industry, found that optimists on the economy nearly equaled pessimists for the first time since its Professional Confidence Index was introduced in November 2007. Yet ordinary Americans aren’t buying it. In fact, a new CNN/Opinion Research Corporation poll reveals that 87% of those surveyed say the ...