Warning About Investing Questions

Mahalo Answers is a great place to start your research into Investing questions, but it's not the final answer.

Mahalo Answers is not a substitute for informed professional advice. If you desire or require professional advice, please consult a qualified provider who is licensed in your state or country. You should always seek independent professional advice before acting on any opinion, advice, or information available on Mahalo Answers.

answered question

0
Votes

1
Answer

M$3.00

jkepler | October 04, 2009 06:41 PM | in Investing

Do you trust the "Bed Bath and Beyond Economic Indicator?" Would you put money behind that trust?

The idea is that an economic recovery must be brewing when people begin spending on expensive, unnecessary products for their homes once again.

Story here: http://www.time.com/time/business/article/0,8599,1907895,00.html

Report

| RSS

| Share

answers (1)

0
Votes

BEST ANSWER chosen by asker | zerlox4562 | October 04, 2009 09:28 PM

I do not trust the "Bed Bath & Beyond Economic Indicator". The economy will get better when employment rates are back to normal and the majority of the population becomes more productive and less wasteful. People will have money at this point and thus the economy will recover. The unemployment rate in the United States for September is 9.8% and is only going up from here and the "Bed Bath & Beyond Economic Indicator" has no association with this whatsoever.

The IMF confirmed this week that the economy will not get better next year; I would trust this as opposed to the "Bed Bath & Beyond Economic Indicator". It is the possibility that it could take until 2012 and beyond for the economy to recover. It's because the economic structure around the world needs an adjustment before taking off again.

Asker's rating: