The signs of a V-Shaped economic recovery are all around, for anyone willing to see. New claims for unemployment insurance have been trending down, despite unprecedented layoffs in the auto sector. Home sales have started to climb from the lows set earlier this year. Consumer confidence has jumped faster than at any time in the past 30 years. In addition, the ISM Manufacturing index is now in a zone consistent with economic growth, and construction has increased two months in a row.
Bank Lending Will Lag the Recovery – Brian Wesbury & Robert Stein, Forbes
