Thu

11

Oct

2012

Economic Gloom or Recovery? 5 Signs That One is Ahead

The economy has never really recovered since the 2007-2009 financial crisis 
October 05, 2012

By Elliott Wave International

Several signs suggest economic contraction instead of expansion.

The first was recent front-page news: 8.1% August jobless rate. The number would have been higher, but it excludes people who gave up the job search.

The second is summed up by this Sept. 4 Bloomberg headline:

Food-Stamp Use Climbs to Record

Nearly one in seven Americans use food stamps. Before the downturn it was one in 10.

You can find the third sign at the other end of the income scale. Read more.

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