"We shall say that the recession ended in July or August, maybe September"

The positive financial data that was flowing during the last ten days to the US, are indicating that the end of the recession might be over seems to be more consistent this time.

If you have been reading my previous posts, you surely know the Forex markets have been going up and down consequently to new positive data publishes at the US.
Yesterday said Laura Tyson, adviser to President Barack Obama, that "We may have hit stability, we may be in the beginning of an upturn".

From his side, Paul Krugman, a Nobe Prize winning economist said that the deepest slum since the Great Depression might be ending: "it is quite possible, though not certain, that retrospectively, we shall say that the recession ended in July or August, maybe September".

Both key persons said the above words in the Malaysian capital, Kuala Lumpur. Krugman based his assessment on last week report issued by the US government, that showed the pace of job losses at the US was slower than expected, and the fact that the unemployment rate at the US dropped for the first time in 15 months. Another datum that corroborated this stand is that manufacturing, although still contracting, is on the mend.

So this time, it does seem to me that the situation is getting rosier… On the other hand, let's not forget that psychological factors are also at play here, who doesn’t want a crisis to be over, whether at home, at your personal life, your private business or the global financial market ?