Where are we in the recession (II)

Posted by Expert Gadget Reviewer on Tuesday, 8 December 2009

An update from the September 8, 2009 posting: Where Are We In The Recession -- the Fortune Magazine Big Picture Index which records 7 metrics on the overall state of the economy has TICKED UP a notch!

The 7 factors measured are: Foreclosures, total employment, total marketcap for stocks, total bank loans, total consumer loans, total household income, and CEO confidence (measured by stock buy backs). A quick analysis shows the slight uptick has been driven by the increase in the stock market, as well as CEO confidence (which also reflects the stock market through share buybacks).

Unfortunately the critical factors (Jobs and Business Loans) are still declining. To see the index click HERE.