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U.S. Recession: 10 reasons we’ve hit a bottom

Posted April 17, 2008

“We thought we’d take a bit of a different approach, and use some of the social indicators that we’ve come across to develop a ‘Top 10 List’ of reasons the U.S. economy may have achieved a new market bottom - though perhaps it’s not yet the ultimate market bottom.” — Keith Fitz-Gerald

by Keith Fitz-Gerald

Baltimore – (TFN): Since the start of the year, the debate over the state of the U.S. economy seems to escalate by the day. The ongoing subprime mortgage mess, the resultant credit crunch and daily stories about housing defaults, escalating oil prices and lousy corporate earnings only seem to further fuel the debate.

Of course, we all see the government reports and analyst research notes that seem to contradict one another from one day to the next - and sometimes from one hour to the next.

U.S. Recession: Social indicators

So here at Money Morning, we thought we’d take a bit of a different approach, and use some of the social indicators that we’ve come across to develop a “Top 10 List” of reasons the U.S. economy may have achieved a new market bottom - though perhaps it’s not yet the ultimate market bottom.

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Admittedly, this list is absolutely tongue in cheek. But social indicators do play a huge role in successful investing, even though the scholarly types often consider them little more than slightly disguised voodoo.

Nevertheless, here’s our Top 10 List:

10. Although its company stock is down 14% year-to-date, there are still 172 Starbucks Corp. (SBUX: NASDAQ) employees for every citizen of Vatican City. Read on to learn nine more reasons.

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Posted by Keith Fitz-Gerald · Filed Under US Stocks and Markets 

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