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Politics : Politics of Energy
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To: Brumar89 who wrote (11357)7/15/2009 9:06:01 PM
From: RetiredNow  Read Replies (1) of 86355
 
The upturn we are seeing now started in March, so it is not due to the recovery act. However, what economists had been predicting was a double dip recession, similar to what happened in the Great Depression. Your own post shows that we are certainly not out of the woods yet and there are many risk factors out there that could throw us right back into a pronounced downturn.

So the hope of the recovery act, the spending of which kicks in the second half of 2009 and goes to about the end of next year, is that it will give the recovery enough legs to sustain itself even as further unwinding of the derivatives and other leverage continues. We'll see if it is enough. I certainly hope so.
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