Promising news came on Friday as employment numbers were up as well as construction and manufacturing. All this good news has prompted economists at Goldman Sachs Group Inc. and Macroeconomic Advisers LLC to raise their growth forecasts for third quarter.
Renewed faith in Europe has driven up the Euro and European stocks as well because of a pledge by France and Germany to devise a plan to fix the debt crisis within three weeks.
All this good news seems to have changed people's mind about the economy. Allen Sinai, the president of Decision Economics Inc. in New York. said that "The U.S. economy doesn't look like it's double-dipping at all".
This raises the question, are we on the way out of the recession? Have we already passed the worst of it? Or do you guys think that a double dip is eminent and this is just the eye of the storm. I am skeptical about France and Germany to be able to fix their fiscally retarded cousins in the Eurozone. The US seems pretty shaky too with hipsters rioting in the streets for free college or more unemployment benefits or whatever they want and a national debt that seems to be growing almost as fast as that strippers hedge fund. What do you guys think, are we on the way out?