Mr. Zandi notes that some promising signs of late indicate that they worst may be behind us. Home sales are on the rise, and the stock market is experiencing some gains.
Mr. Zandi makes this statement with caution. He continues by stating that confidence is a very fickle emotion. One moment people can feel very pessimistic, and rather quickly change their frame of mind that the world has once again regained its balance.
Economist Robert Brusca predicts that the labor market will experience strong growth be the end of this year and that half of the five million jobs recently lost will be put back.
Economist, Joseph Carson looks to better than expected retail sales figures throughout February and March and improving home sales as solid indicators of recovery. He feels that by the time the Obama administration's stimulus plan takes effect, the market will be ready for continued improvement.
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