Has the recession bottomed out?

 Last weeks often contrarian Economist made a cautiously optimistic case that the US Economy is improving. The article ticked through housing, economic data, and stocks to find positive signs in each. I recommend printing out and sharing this article with all your clients. There has been plenty of bad economic news, as sales professionals our mission must be to bring forward the positive. 

Here are highlights from those three areas: 

The housing bubble:

 "The current recession has broken many of the rules of business cycles, but not this one: when something gets cheap enough, buyers emerge.

America’s housing bubble seems mostly deflated. According to the S&P/Case-Shiller 20-city index, house prices through January were down 29% from their all-time peak. Relative to incomes, houses are now 10% undervalued, and relative to rents they are fairly valued, thinks Paul Dales of Capital Economics, a consultancy... "

A variety of financial statistics: 

"In March factory purchasing managers were their least gloomy about new orders since last August. Vehicle sales rose 8% in March from February. New claims for unemployment insurance have stopped rising. Gross domestic product, which shrank at a 6.3% annual rate in the fourth quarter, probably shrank at a similar rate in the first, but the composition of the drop was more encouraging; it was driven not by the collapse in consumer spending, but by sinking output as businesses sought to bring inventories into line with lower sales. Second-quarter growth “has a good chance of being positive”, according to Ian Morris and Ryan Wang, economists at HSBC, though “the risks…are still huge.”

The stock market:

"As investors have shifted their economic outlook from catastrophic to merely grim, the stock market has shot higher, by 19% on April 1st from its 12-year low on March 9th. Like houses, stocks look cheap."

Read the entire article, "A faint sound of applause,"from last week's Economist.

Comments

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i do not think it has hit bottom yet. we will have to wait and see.

[Josh Gordon]

It's great that you have that option. If you worked in sales you might have a different attitude. A lot of what goes on in a recession has to do with lack of faith in the future. Any salesperson that loses faith, optimism, or resilience needs to find another profession.

[Timeshare Lead King]

The recession hasn't bottomed out the economy. As with all recessions in history, some businesses flourish while others whither. Just depends on what kind of work you are in

[Gold IRA]

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[Gold IRA]

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[Nexpider]

Much country’s affected by recession. But I think the economy come out from recession in early time.

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[UK Website Design Company]

Regarding this all the National Institute for Economic and Social Research said that the rate of decline of GDP had slowed in April.
Thanks for the post.

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[timeshare value]

Its nice that you have the chance. If you worked in sales, you may have a different attitude. Much of what is happening in the recession have to do is hope for the future. All that the seller loses faith, optimism, resilience, or find another job.

[John the how do I sell my timeshare expert]

I have a timeshare business and I have seen my business to start to increase over the last few months. I think that we are slowly but surely getting better in our economy. Thanks for the article

[vigilon]

I would include this on my list.

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I hope it does actually, here the salaries are according to the law, many companies can't pay good experience but seems like everything it's getting back to normal.

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[שיווק באינטרנט]

Car revenue increased in goal from this month. New statements for lack of employment insurance have ceased growing. Gdp, which shrank yearly amount in it all one fourth, probably shrank at a similar amount in the first, but the structure of the decrease was more encouraging.