No mention of the commercial credit losses yet to come.
Hmmm,
Interesting

Recession is a product of ignorance. Article 1, Section 8, of the
Constitution has the answer for a balanced money supply. The
Federal Reserve is inadequate for managing the money supply.
Tinkering with interest rates is a joke that has never worked. The Federal Reserve was created in 1913. It didn't work during the great depression. Swine flu could kill half of the people resources and then
we would have a real reason for a recession or a depression. We need to get out of a one "ism" straightjacket, and get on with Mixturism.
Why will the News Media not discuss something that will work, but instead they all gather down at the same barn and stir in the same pile of cow manure. Then they talk about no bull no bias.

I guess if you put 5 economists in a room and ask them the same question you will get 5 different answers – Newsweek had a story that I read last night that said the recession would linger into next year and then recovery would be slow with growth rate of 0.2% for the year and not gaining much on it even into the next year. Maybe they factored jobs in but it sounds like even if they didn't that the unemployed are still going to be desperately seeking jobs.

I hope so!

I love economy despite not understanding much of it. I consider myself one curious who reads everything put in front about economy.

Thus, this is the first post I read, so optimistic.
I only can to say: I hope so!

If we created a Reserve-Retraining Work Force, unemployment would be history and so would recession. If every is drawing a pay check wheither in school or in the work force, we could easily manage any change or adjustments in the economy. I published my first book on The Philosophy of Mixturism 35 years ago. We don't have to stumble in the dark, but we do because the free press will not do its job by discussing all new ideas.

The day America stops dispensing mulligans, sweeping mortgage fraud and corruption under the national carpet and starts to produce goods and services that the global economy needs, will be the day our recession/depression ends.

With bankruptcies, bailouts, do-overs, mulligans, corruption and scant leadership running rampant, how on earth can anyone suggest the recession is almost over?

Perhaps Mr. Laksham Achuthan should be tested for swine flu.

If the recession is almost over,how are the "TARP" recipients going to pay back the Treasury which accounts for approx.$550bn (to date) in loaned-out money? The largest banks in the country will be lucky to have annualized profits of no more than $30bn accumulated from all participants. That's assuming there's no more shoe's to drop,and I think not! My calculations are looking out approx.15 years for a break-even point,never mind the elusive inflection-point we hear so much about. Just look at the GDP and the weak numbers. These numbers are here for awhile,so don't be fooled. If we ever want to get this wagon-train back on track,there's still alot of pain! Why? During the 1990's we had the S&L Crises,and in the 80's another banking crises. But,in 2000,we had the Enron,Worldcom,and Internet Bubble ,which the Fed' politely swept under the rug! Lastly,and so aggrievously alrmingly was the 2005/06 congress which was fully aware of the GSE's (Government Sponsered Enterprises) going belly-up (Fannie Mae,Freddie Mac,Student Loans,Agricultural Loans,etc.) ,and again it was talked-down as a non-event. So,my final thoughts are beware of this government,and what they say,please save those sheckles,..? The Fed'/FDIC ,Government Entities,Congress,etc. all glossed over their responsiblities like, "Ostrich's Running in the Wind"!

God I hope it is almost over. That is something to look forward to.

LOL – ya, okay! In a way, I hope not – the further down we go, the more the world will understand that the current financial system is broken, and is in need of SERIOUS restructuring. I don't mind any car maker folding – fewer cars being built means less pollution in MY air. Fewer cars being built means fewer cars on the roads, meaning even less pollution for my lungs to suck up. So – go Chrysler, go!!! PLEASE!

I've saw the turn around in the Atlanta housing market occur 7 months ago. I hate to say it on this site, but if people would put down the newspaper and turn off the TV they would have more confidence.

He can say that the recession is over,he has a job and a paycheck coming in every week..Sometimes I think that you people don't live in the real world..The common man is struggling just to keep our heads above the rising water..My family is lucky,my husband still has his job,we have health insurance( which cost more each quarter)our home is paid for,but we still live paycheck to paycheck..

i think that is great for the economic coming out of recession. but bad for those who r laid off or fired. i hope that the labor department can find jobs for these people. so that they will be able to take care of their families financially. as i alway say." bills must get pay." let's keep homeless out and people employed.

Yes, its going to be over soon because the people of this country are so excited that Barack Obama was elected to be president that people are confident enough to spend money on vacations, going out to eat, etc.

Ali, I am really trying hard to be optimistic, but.....when I look at the facts, the mathematics, the global trends of thinking and the conflicts of those popular thoughts, it just does not add up. Economic models are all built on the ever expanding economy, not the shrinking one of the post baby boom era. The debt of trillions of dollars mathematically cannot be repaid, so who are we kidding? The sadness is that there is little wisdom anywhere in government that can really fix this with solid long term solutions. Even our best economic minds come up short by looking at the data of yesterday for forecasting tomorrow when the road we are on has never been traveled. I really do hope Mr. Achuthan is right. We will only have a short while to wait and see.