Monday, December 12, 2011

Whew! Well that's a relief

Texas comptroller declares economic recession over

That's some good news right there.

A little further down in the article:: "Combs said while the Texas economy is in recovery it still faces some hurdles."

"In recovery" doesn't sound like it's quite over.  It's sure not in my little corner of the world.
So a dip below 9% unemployment spurred by 350,000 folks dropping off the unemployment rolls due to their benefits having run out is a recovery.  
Well then. Mission accomplished...until next week when the EU goes belly up. Of course, the EU has been on the verge of insolvency with only 10 more days before the SHTF for weeks now. And, you know who's going to bail them out with a whole passel of freshly printed greenbacks don't you?
The only real indicator of the demise of this recession for me, is when we get to the point where we need to start hiring people again.  There's a brand spanking new healthcare law and a presidential election in the way at the moment though.


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