It's the economy, not you, is recovering

There are positive indications that economic recovery is well underway. The good signs have descended unto the housing market and unemployment data. But investors are still wary of the temporariness of the rebound. The
economy is not out of the woods yet.

The housing crisis that started the whole mess in the global economy has posted relieving figures after two years of dismal and disheartening data. Home sales are up and foreclosures are on the decline. Construction of new housing projects is starting ti prop up to show that confidence in the housing market is holding.

For the first time in 15 months, the unemployment rate dipped and fewer people lost their jobs than the previous month. It defied the prediction that unemployment rate will reach double digits this year. If the new trend continues to hold, then unemployment will hover around 9%. This will be a safe figure to start the year of 2010 when full recovery is said to happen.

The stock market has reacted positively in the new development. Some giant companies such as AIG posted profits in the quarter to boast the confidence of investors in the market. Although there is still an air of wariness and caution, the sense of doom and despair is out of the horizon. Optimism and bright prospects dominate the landscapes of economy.

Now, analysts and economists are looking at the consumers' behavior. They know that the consumers will have to do their part in helping the economy recover. Consumer spending is still conservative as more people opt to put their money on the banks for safekeeping in the future. The fear of sudden loss of jobs and insecurity is imminent in the faces of consumers. But there is a confidence that consumers will respond to the needs of the economy. They will ultimately spend their money because that's what they have gotten used with.

The cash for clunkers program help avert the collapse of car industries. now the car sales are on the rise. Plus, environmentally friendly cars will dot every road. It is a very good bargain, one gets cash by trading
his/her old car. In that wat, the market is stimulated because many poeple wanted to avail of the cash for replacing their old cars by hybrid cars. In this way, two heads are being hit - one is pump priming the economy and promoting environmentally friendly cars to the public.

We can look forward to a promising future because soon, the good times will be back. I am seeing it now as I buy things that I need and save more and more for a secured future.