May 14 2009
Recession is Ending? Sure Looks Like It
The end of the recession does not mean we won’t lose more jobs; employment is always a lagging indicator. And there will be more defaults, foreclosures and financial market problems, too. But none of these are leading indicators. In our view, there are no more shoes to drop.
– Economists Brian Wesbury and Bob Stein in their recent Monday Morning Outlook
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