US Economy stops shrinking

“Not only is there light at the end of the tunnel, but we can see the end of the tunnel from here” Ken Goldstein, a Conference board economist, said.
The Conference board’s coincident index was unchanged in July after falling in 17 of 19 months since December 2007. The four consecutive gains in the leading index indicated the stabilization in the economy. The figures and data do show the worst of the US recession is over. The coincident index reinforces the Federal Reserve’s statement on August 12 that economic activity is leveling out.

I am optimistic about the US economy having a recovery. There is a huge increase in in industrial production, housing starts and cars sales in recent weeks. But the recovery depends on consumer confidence. That is not coming back. People in US are still focusing on saving. Apart from North Europe can’t expect any contribution from Europe for any better changes. They are on fight for their own existence. The best outcome is not recovery, but stability which US is attaining which creates a hope for the whole world and stability …of course creates more confidence in the market promotes more investments and demand.