I would hope so with as much money has been dumped into the economy.

http://www.manufacturing.net/article.aspx?id=213464

 

No.

http://www.nytimes.com/2009/08/21/bu...r=2&ref=global

 

Locally, car dealers have stopped selling on the clunker program. They have been unable to collect on the deals they made. Some may go under from the cash flow problem it's created.

 

Yes and No... I heard that there needs to be several months of progress before it can be declared officially over. While our (Michigan's ) unemployment rate dropped for 15.2% to 15%, and some companies are starting to turn profits, technically it is not over. I heard speculation that Government should announce at some point next year that the recession officially ended in 3rd Quarter 2009 (July through Sept)... but in order to make that claim, we need to have several months of progress.

Personally, I think the worst of it may be over for the time being, however I think we still have a lot more BS coming down the line (Commercial Real Estate foreclosures, a bunch of repos from cash for clunkers, cap and trade destroying small businesses, etc...) I would keep pinching those pennies for while if I were you.

 

Even when the recession is technicaly over, we're still going to be strapped with the higher taxes and fees levied to pay for the outrageous spending our government is doing/has done at our peril.

It's been hard enough to do business in this county. Now the government has vowed to make it harder, in it's effort to redistribute the wealth.

I fear that this recession will have effects like the A bomb did. It killed a bunch of people on impact, but continued to kill others over the long term because of the radiation.

 

I do believe the foreclosures are decreasing finally. Check out this site. http://www.auction.com/?gclid=CJmPk_...FRkNDQodewlSmw

We print notes for the front of newspapers that have REDC doing the foreclosures. Earlier this year the note would say 1000s of Florida Homes auctioned this weekend. And we were printing them at a very steady pace for all over the country. Now the notes are starting to say 250+ homes auctioned this weekend and order frequency has dropped significantly. Seems like a good indicator. Albeit a simple indicator.

 

More reasons to believe a rise in foreclosures on the horizon.

http://money.cnn.com/2009/08/20/real...ion=2009082017

 

Foreclosures have slowed because the banks have a 'shadow inventory' of over 900,000 homes sitting on their books to keep their balance sheets from blowing up.

Read all about it at www.dollarcollapse.com

You won't get this story from the state run media.

 

I think this recession is just getting warmed up.

 

it will be over January 20, 2013

 

The recession is almost over.

The depression will begin soon.

Many of the banks have a self imposed moratorium on foreclosures. This helps stablize some marketts, and keeps the banks from painting a target on their backs. Don't want the executive branch thinking you are a 'mean' bank. That's a recipe for govt. takeover.

Smart banks are lieing low, and only foreclosing in markets that can handle the flood of homes.

The recession/depression will be over when the economy adds a net 100,000+ jobs in a month, 3 months in a row. Don't hold your breath.

 

Jobless claims are still going up, we are well over 10% unemployed

Foreclosures are still going up

Banks are still not really lending

The only thing that looks better is the stock market but it is still down 5,000 pts in the DOW compared to before this all happened.

 

Nope... Just wait for the big crash.. You ain't seen nothing yet.

 

it fees like were out of it here. We are running full boar producing steel, but who knows. I cant believe how fast the steel market dropped from under us and could happen again

 

A local Dodge dealer sold 72 cars in one day here because of cash for clunkers, thats a lot of cash owed by the gov. if they dont get it right away.