Quote:
Originally Posted by floridasandy
i don't want to discourage your positive thinking, but i think you have to be a realist. this was a very bad year any way you look at it, and especially if you consider how much the government tried to pull demand forward all of the government (taxpayer) funded stimulus programs, and all the treasuries that we are now going to have to "sell".
these are bills we have yet to pay, for growth we have yet to achieve.
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Of course it was very bad. It started out horrendously - with three quarters of a million Americans losing their jobs in January alone. Fortunately from that month onward the number job losses dropped pretty consistantly. The stock market started in the toilet (after MASSIVE collapse of the previous September and October) but by March had turned around and grew throughout the rest of the year to end up with most of the September/October collapse recovered.
I said all along that 2009 was going to horrid - and it was, but it BEGAN with much more horrid trends than it ended with. Housing prices are no longer in freefall (in fact they've stabilize and are slowly growing in much of the country), the massive job cuts of the last year are petering out, and even commercial real estate seems to have hit bottom.
2010 will be a much better year.
Ken
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