Comments on: Jobless claims: 558,000 for week ended August 8 http://www.creditwritedowns.com/2009/08/jobless-claims-558000-for-week-ended-august-8.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: Edward Harrison http://www.creditwritedowns.com/2009/08/jobless-claims-558000-for-week-ended-august-8.html#comment-5999 Edward Harrison Fri, 14 Aug 2009 12:33:25 +0000 http://www.creditwritedowns.com/2009/08/jobless-claims-558000-for-week-ended-august-8.html#comment-5999 My statement should read "...we won’t know IF recovery has really taken hold until well into 2010." While I think recovery is close, it is not assured. I'm sure you saw the retail sales number. My statement should read “…we won’t know IF recovery has really taken hold until well into 2010.” While I think recovery is close, it is not assured. I’m sure you saw the retail sales number.

]]> By: aitrader http://www.creditwritedowns.com/2009/08/jobless-claims-558000-for-week-ended-august-8.html#comment-5995 aitrader Thu, 13 Aug 2009 19:32:48 +0000 http://www.creditwritedowns.com/2009/08/jobless-claims-558000-for-week-ended-august-8.html#comment-5995 <i>As we contemplate recovery, I should remind you that positive GDP growth does not mean a recovery is at hand. It must be sustainable over the medium-term. So while the decrease in claims numbers make recovery more likely, we won’t know that recovery has really taken hold until well into 2010.</i> Ah, finally a bit of sanity in the morass of claims that recovery is here and the "recession" behind us. For a hoot take a look back at those "halcyon" days of yore during our last walk down depression lane and check out the mapping of the 1930's WSJ to today's endemic euphonic musings at http://newsfrom1930.blogspot.com. As we contemplate recovery, I should remind you that positive GDP growth does not mean a recovery is at hand. It must be sustainable over the medium-term. So while the decrease in claims numbers make recovery more likely, we won’t know that recovery has really taken hold until well into 2010.

Ah, finally a bit of sanity in the morass of claims that recovery is here and the “recession” behind us.

For a hoot take a look back at those “halcyon” days of yore during our last walk down depression lane and check out the mapping of the 1930′s WSJ to today’s endemic euphonic musings at http://newsfrom1930.blogspot.com.

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