As recoveries go this is one of the oddest. There is no denying that the US economy continues to return to its once fabled glory; it is simply not embraced, believed, or yet noticed by the average American.
A group responsible for over seventy percent of the economy’s machinations just doesn’t see it primarily due to housing prices and unemployment rates that are expected to hover around 10% for the remainder of 2010. Given unemployment’s firmly entrenched ties to consumer confidence the economy should only post modest gains throughout the year as consumers continue to keep their belts tightened. [Read more…]