Ask the Readers: Is the Economy Back on Track?

by Jason Unger

Chart of Economy

We don’t normally get too focused on the economy here — actually, ignoring the economy is often a good idea for your finances — but it’s nearly impossible to treat the current recession as a blip on the radar.

And, thanks to the media, “in this economy” has become an oft-repeated phrase to describe our current situation.

But, with the stock market up 45% since its low in March, housing sales increasing and Bank of America handing out bonuses again (sigh), it certainly seems that the economy is starting to level out.

While consumer sentiment is also on the rise, the Consumer Confidence index is only at 54, whereas a healthy economy is at least at 90.

So, I want to know what you think: is the economy back on track?

Answer the poll below and then let me know why in a comment.

[poll id=”19″]

{ 1 comment… read it below or add one }

Phil August 28, 2009 at 11:42 am

Absolutely getting worse. Spending for the sake of spending does not increase $ velocity. The deficit bill will come due at some point, which will lead to hyper-inflation and a de-valuing of the dollar. We havent solved our economic problems one bit since last year, we have just effectively delayed the inevitable.

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