Challenging times for American Economy

Is the worst over for America?   Economically speaking, that is.  Is the U.S. economy on the mend?   Are better times around the corner?   Can the beleaguered citizens of the capitalist citadel breathe easier?   What would the Americans not give to get a “yes” for all of these questions!

 

Economists, Corporate leaders, experts and specialists of various hues are cautiously optimistic of the prospects of the economy coming out of the southern doldrums and heading towards northern pastures.   However, they do not want to be seen making the same mistakes again by making outlandish claims of economic well-being, in the face of continuing tough times, as they did about the supposedly unstoppable race of the economy towards the ninth heaven.

 

Some of the reasons advanced for the optimism about the U.S. economy, among other things, are said to be the slow but steady improvement in consumer sentiment, the slower pace, as well as smaller quantum of job losses, an improvement in the manufacturing environment, etc.   That apart, it is expected that consumer demand would pick up slowly in the next few weeks.   Just like a drowning man clutches at straws, the experts are clutching at any little bit of positive news to butress their claims of economic upturn.

 

Does all of this add up to an upturn in the economic conditions?   No one in his right mind would dare take a definitive stand on this.   Such is the effect of the sudden and unexpected downturn that took most by surprise.   The experts and specialists do not wish to be caught again with their tongues out!

 

From the statistics available, it would appear that American consumers are more positive of their economic future, and appear to be opening their wallets and purses a bit wider than before.   And the number of Americans queueing up for the dole seems to be slowing down a bit.  

 

It remains to be seen if the massive sums of money invested by the Obama administration to shore up the financial and other sectors of the American capitalist kingdom, would have the desired effect.   For the moment, everyone seems to keep his fingers crossed and praying for a better morrow.