Inciter | 2009 October
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Understanding Value

Predictions of when the full economic recovery will occur change frequently. For example about two months ago, I was reading The Wall Street Journal (August 14, 2009) and a couple of their articles about the economy were striking.For the first time in recorded history the US is not the first country to lead the global economy back into the black. Countries like China and Europe seem to be showing signs of recovery before the US. Europe in particular is reporting a rebound in retail sales, unlike the US. Now that time has passed it seems like the recovery overseas will be slower than initially anticipated.However there is still the issue of what is driving the shifted recovery?The US may have changed its spending perspective, while other countries are resuming spending....

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