Just as the U.S. recession is set to become the longest since the Great Depression, some economic signs are encouraging, if tentative.April will mark the 17th month of the recession that began in December 2007, making it the lengthiest downturn of the post-Depression era…This week, though, has brought a spate of good economic news. Consumer spending rose marginally in February, the Commerce Department said Friday, as did consumer sentiment in a household survey by Reuters and the University of Michigan. The housing market also appears to have stabilized from its free fall, and an uptick in orders for big-ticket items is helping raise hopes of a future pickup in manufacturing.
By Kelly Evans, March 28, 2009, WSJ Front
WSJ, March 28, 2009