I guess that depends on who you talk to – or listen to. I recently read a report from an investment company (which will remain nameless) that listed 8 reasons it believes the recession is over:
1. The leading economic indicators are positive.
2. Global economics are recovering.
3. The job market is improving.
4. The Federal Reserve’s efforts to stabilize the financial system worked.
5. Bank lending is increasing.
6. Expectations for 2010 economic growth continue to improve.
7. Housing has bottomed.
8. Manufacturing is on the rebound.
Now, I’m certainly not a financial expert and I am sure the people who put that report together have a lot more expertise in financial matters than I have, but I certainly have some questions on their statements. I won’t comment on most of them but i will touch on the ones that I am familiar with. As far as the job market is concerned I see no improvement. There are far too many people who have lost their jobs and are still out of work. Yes, some have found employment in different fields – many at a lower pay scale. Remember – because someone drops from the unemployment rate does not mean that they are employed. For many the benefits have run out and they are still without a job. Bank lending is increasing – I also don’t see this. Lenders have more stringent policies now. This is a good thing in many cases, but realtors are finding that some of their sales do not close because , at the last minute, lenders decide to lessen the amount they will lend on a property because of the declining values of homes. I want things to improve for everyone. I also want to read and hear the truth about our conditions – not someone’s spin on it (whether positive or negative). Just the facts – plain and simple.
Let us change the subject. The season is changing and the holidays are coming.There are a lot of needy people out there. We all have something to share. It does not have to be money. It could be used clothing or just donating your time to a charitable organization that helps those in need. Do something to make the place a better world for all. If you don’t know any organizations that could use your help, contact me and I will be happy to suggest a few to you. You can email me at skip@juckins.com or visit our website www.Riverwalk-Realty.com You can also find my phone number on the website.
I’ll leave you with this quote:
“We make a living by what we get, we make a life by what we give.” (Unk)
“Til next time………….
