Posted by Admin | December 1st, 2009

Although many investors and predictors, like Peter Schiff, have repeatedly claimed that this recession had a possibility of turning into a Great Depression, it seems that they may have gotten ahead of themselves. New reports, which came out today, indicate that the market may be in for a slight rebound–though it certainly won’t come charging back to its former strength in a matter of weeks or even months–indeed it could take years for the market to get back the heights it had hit before this latest crash.

Steady growth in the manufacturing, construction, and housing markets has led analysts to conclude that the market is turning around. These newest sets of economic data certainly seem to mean good things for the American economy and those who rely on it. After the worst recession in seven decades, Americans could use the good news.

The economy, as measured by the gross domestic product, expanded at an annual rate of 2.8 percent in the July-September quarter after four straight quarterly declines. But growth may slow a bit in the current quarter and even more next year as the effects of the government’s stimulus programs begin to wane.