Weekend News Digest is an Open Thread
|From Yahoo News Top Stories|
1 When economy bottoms out, how will we know?
By ALAN ZIBEL, CHRISTOPHER LEONARD and TIM PARADIS, AP Business Writers
46 mins ago
|When will this wretched economy bottom out? The recession is already in its 15th month, making it longer than all but two downturns since World War II. For now, everything seems to be getting worse: The Dow is in free fall, jobs are vanishing every day, and one in eight American homeowners is in foreclosure or behind on payments.
But the economy always recovers. It runs in cycles, and economists are watching an array of statistics, some of them buried deep beneath the headlines, to spot the turning point. The Associated Press examined three markets – housing, jobs and stocks – and asked experts where things stand and how to know when they’ve hit bottom.
None of them expects it to come anytime soon.
Now with World News.