According to an AP News report issued earlier this afternoon…
“Economic activity is stabilizing or improving in the vast majority of the country, according to a new government survey, adding to evidence that the worst recession since the 1930s is over.”
Apparently eleven of the Fed’s twelve regions have shown signs of economic stabilization. The lone outlier is the St. Louis region, in which the rate of decline in economic activity has decreased, but things are still in negative territory.
So, dear readers, what do you think? Are we on the road to recovery?