Third week in a row…

Another week has passed already, and the cautious optimism continues for the third week in a row. It’s a very nice change of pace from the doom and gloom of many weeks before that, and while the pessimism seems to continue to come from the news some very important news seems to be slipping through the cracks: there are actual tangible signs that maybe the technical recession will be over a lot sooner than many economists originally thought and maybe things just aren’t quite as bad in most areas as originally thought.

It’s nice to be able to lead with some good news. Housing numbers in the U.S. saw some very unexpected boosts, and Wall Street’s extended rally seems to be rubbing off on many of the world’s other international stock markets, as well. There are never any guarantees with something as large and complex as the world economy, but it’s hard to argue that right now things are looking a heck of a lot more encouraging than they were even a month ago. This doesn’t mean that the hard times are over or that there isn’t bad news up ahead, but for now let’s take the good news where we can find it and go from there.

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