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2 years, 6 months ago

How long will it be between economists and administration's announcement of recovery and mainstream America's confidence?

Millions of American's have lost their jobs and houses. It's going to take more than an announcement that things are improving to convince them. How long will it be, a year? Two years? Any significant indicators we should watch for?
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zebrachick83 | 2 years, 6 months ago
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According to Forbes Investopedia, an economic recovery is marked by a surge in business activity. So, one of the best indicators of an expanding economy is job creation. Until employers start hiring again, things won't be getting much better.

As for when the economy will improve, both Warren Buffet and Wachovia expect the recession to be over by year's end. If it does, the effects should trickle down to Main Street by the middle of next year.
source(s):
www.investopedia.com
www.huffingtonpost.com

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randync | 2 years, 6 months ago
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It is hard to set a time frame but I think you hit it on the head. When the housing and job markets start getting better, then people will feel much better about things.

Indicators to watch for are how many conservative's of either party are in office after the 2010 and 2012 elections. Liberals tend to trash the economy.

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mtgrant | 2 years, 6 months ago
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Apr 2010 - the repeal of the Bush tax cuts will be felt. One of the first things BHO did upon taking office.
Don't believe the numbers, don't believe the hype. O. himself said "we're out of money".

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