ECONOMIC RECOVERY? NOT EVERYONE THINKS SO.

Though the growing opinion seems to be that economic recovery is afoot, not everyone thinks so.  The Growth Stock Wire writer Jeff Clark seems to disagree.

 

Says Clark, “The economic bulls are convinced the stimulus package is working. And depending on how you look at it, it is. Whenever the government throws a few trillion dollars into the economy in a few short months, it's going to create a temporary pop higher. But "temporary" is the key word. 

 

Home sales today are higher this month than last, but way lower from this time last year. Auto sales have picked up due to the "cash for clunkers" program. But all that has happened is we've pressed next year's auto sales into this year. And the pickup in nearly every other consumer durable product is due mostly to restocking depleted inventory levels.”

 

For more of Jeff Clark’s writings click here.