In economic terms, the Unites States may be back to where it was at the end of the Clinton Administration. But the country is still standing. And there are a few indicators which suggest that we can be cautiously optimistic for the next year, and hopefully decade, ahead.
Let's start with 2010:
- 82 percent of Americans say that they are "optimistic about what 2010 will bring for them and their loved ones," according to an Associated Press-GfK poll
- The consumer confidence index, published by the Conference Board, has risen to 52.9 in December, which is a a three-month high; that's up from February's historic low of 25.3 but unfortunately, still well below 2007's "stable" reading of 90.6
- Big company CEOs are ready to increase capital expenditures and many anticipate higher sales tallies for the first half of 2010, according to a survey by Business Roundtable, an association of top executives
- Among those who had lay-offs in 2009, thirty-two percent of employers now say they plan to bring back workers in 2010, according to a CareerBuilder/Harris Interactive poll of hiring managers
- The consensus amongst Wall Street analysts is that corporate earnings will increase next year , up to a 30 percent gain over 2009, according to Thomson Financial
And have a Happy New Year!