Green Shoots

Reuters is reporting that the data on employment , manufacturing, and orders is improving and is being regarded as a sign that the recession is easing.

I must say, give the article a read for yourself, but it is about the most optimistic article I've seen on Reuters in a while. We do keep in mind the fact that the barometer has been all over the chart the last week, with tragic news coming from the IMF and such.

So who do we believe? Well, a lot of this is about numbers and today's numbers look promising. Other than that, what can we say.

I want to make a comment on remarks that ex-president Bush made last night. Bush characteristically abandoned his promise to lay off Obama. Consequently, lets not lay off Bush. Recall that in the simplest of terms, bottom line as it were, Bush was the worst president of our generation in all respects. His remarks are as meaningless, harmful, and unproductive as was his presidency.

Reuters: Green shoots in U.S. jobs, factories and indicators

...the reading on the Philadelphia Federal Reserve business activity index was the highest since September 2008, while further evidence that the recession is fading came from the Conference Board's forward-looking measure of the U.S. economy, which posted its biggest increase in five years in May.

New orders, a measure of future business, also hit their highest since September and the employment gauge hit its highest since November.