Economic Recovery - Could It Be Closer Than We Think?

The housing market will take a while longer for sure, but we now hear that Ford actually posted a profit as did a few other companies who were expected to have lackluster results. Oil prices are high (duh) but there are signs they may retreat if we can get the speculators to pick on some other commodity. They maybe should try tea in China, or aluminum in Venezuela.

The U.S. dollar is wobbly but some leading economists looking out at the near horizon see it stabilizing some. Unfortunately not in time for our upcoming trip to Great Britain. I just had to pay $206 for 100 pounds of the Queen's currency. Yet, I will forego the upside down exchange rate now on the hope that some things may be righting themselves quicker than expected.

I realize that the economists I have read lately are still outnumbered by the doomsayers, but I wonder about the power of positive thinking. If enough of us (and that would be about, oh, ...200,000,000 of us in America), would start to think and behave like we are already on the way to recovery, then maybe we can have an effect. Look how quickly the tide has turned (to repeat a phrase) for Hillary. It's not over for sure, but the mood has changed - just the mood - and that has made Obama scramble and Hillary's bank account refill a bit. So the power of positive thinking (credit to Dr. Peale) may really work. If we read more good news, we feel better, and if we feel better, we work harder, drive a little less, and maybe spend a little more even if it is on groceries.

I can't wait to get our Bush rebate check so I can spend our $113 and boost the economy. The other $1087 was wiped out because we apparently made too much in 2007. So those of you with either $600 or $1200 coming soon, get our there and spend it for America. You know, it might actually help.