March/April 2009: Things are looking up

You heard it here first-- things are going to be looking up by the end of the first quarter 2009. Sure, it's tough now, but it's official-- all of 2008 was a recession. So we've hit a bottom and there's nowhere to go but up, right? That's if the credit card market doesn't explode, which I don't think our new President will allow. So be prepared for some tax credits and more US debt to prop us up until the real expansion comes... in the form of clean tech and renewable energy jobs. Biotech may also have a role as well as new manufacturing and agribusiness opportunities. The world has to be fed, right? Also, corn is looking more important in this new world. Underneath all the depression there is a new foundation being built...

Yes, really, I think we've hit bottom... Friday's jobs data may not be so bad...

Sources
1. Recession-Hit Automakers Brace for Grim US Sales
By THE ASSOCIATED PRESS
Published: December 2, 2008
Filed at 12:16 a.m. ET

With the decision by the NBER, a group of academics, the United States has fallen into two recessions during President George W. Bush's eight years in office. The first one started in March 2001 and ended in November of that year.

[The 2001 recession lasted 8 months... we are already into month 12...]

2. Recession Began Last December, Economists Say
By EDMUND L. ANDREWS
Published: December 1, 2008

3. Dow Plunges on News Recession Began in Dec. 2007
By THE ASSOCIATED PRESS
Published: December 1, 2008
Filed at 11:13 p.m. ET

4. Cheer Fades as Stocks Plunge 9%
By MICHAEL M. GRYNBAUM
Published: December 1, 2008

5. National Bureau of Economic Research: Determination of the December 2007 Peak in Economic Activity [PDF]