Sunday, November 15, 2009

Is the recovery really here?

The recent recovery of global stockmarkets, and the emergence of stabilizing signs are leading many to believe that the end to the GFC and recession could be near. Assets are still no where near there peak and in many economies the job market is still depressed. What really matters is the job market and its recovery, because this is what will set the pace for increased confidence in financial markets and at the end of the day consumers cannot buy goods without an income. The economic watchers should be looking at the job numbers and advertisments and job markets for real signs of a recovery.