Recession or Depression?

[weatherboi]

hi turasultana!!

i am wondering where you get your information about the economy's "new normal" standing. What would be a "new normal'?? I have searched and searched without any luck on this term related to the economy. Would you mind throwing me a link on this please??

Originally Posted by turasultana

seems to me it's starting to get better, but there's a lag still when it comes to jobs. there's still a lot of net credit loss on the horizon (meaning folks defaulting on credit card debt) and foreclosures coming up, but overall it's trending better. Dow broke 11K for example.

I'm seeing a lot more jobs listed on job sites and corporate websites. I sent out one resume just to test the waters and got a reply a couple days later and a phone interview tomorrow. I'm currently working contract, so a full time job would be nice. Not counting on this to be the one, but its encouraging to get a good response from the first resume sent.

Not negating anyone else's experience, just saying that economic indicators are showing an upward trend. It will take a year or so to be fully out, but we may plateau at a "new normal."