Optimistic Economic News
December 16, 2009 Leave a comment
If you want to see a slightly cheerier opinion of the US economy at the current time, then you should read this. Alan Binder is a former Vice Chairman of the Federal Reserve Board and currently teaches at Princeton and offers some fairly easy to understand optimism. Basically Binder says the economy is in good shape for some 4Q 2009 and 1Q and possibly 2Q 2010 numbers. Whether that sticks in 2010 before 4Q 2010 is a different story Binder admits, but there is some optimism.
Especially when it comes to the job market. His analysis points out there is a very good chance that employers have payroll “pared to the bone” and will need to hire workers as prospects improve in 2010. Since I will be graduating in May I am glad to hear it.
On another note (pessimism creeping in), Congress still seems intent on spending lots and lots of money.