Are things looking up? | Arkansas Blog

Monday, April 26, 2010

Are things looking up?

Posted By on Mon, Apr 26, 2010 at 6:32 AM

A mildly optimistic tone in this NY Times article mirrors anecdotal evidence around town -- busier retail shops, upturn in charitable giving, sale of some high-end homes that had long languished -- that things could be getting better. You think? If so, it could be a November game changer.

After the worst downturn since the Great Depression, signs of recovery are mounting — albeit tinged with ambiguity. Despite worries that American consumers might hunker down for years — spooked by debt, lost savings and unemployment — thriftiness has given way to the outlines of a new shopping spree: households are replacing cars, upgrading home furnishings and amassing gadgets.

Many economists estimate that consumer spending — which makes up some 70 percent of American economic activity — swelled by 4 percent during the first three months of the year, more than the double the pace once anticipated. Some have nudged upward their estimates for economic growth to more than 3 percent this year.

From the ArkTimes store

Favorite

Comments (5)

Showing 1-5 of 5

Add a comment

 
Subscribe to this thread:
Showing 1-5 of 5

Add a comment

More by Max Brantley

  • Two more get prison for feeding program fraud

    Two more people got prison sentences today for defrauding the state-run program that uses federal money to provide meals to poor children.
    • Aug 18, 2017
  • Friday's open line

    Here's today's video. And it is the open line.
    • Aug 18, 2017
  • Steve Bannon leaving White House

    The odious Steve Bannon, right-wing nationalist, is departing his White House job as strategist for Donald Trump.  Alas, Trump is still there.
    • Aug 18, 2017
  • More »

Readers also liked…

Most Shared

  • Take yourself there: Mavis Staples coming to LR for Central High performance

    Gospel and R&B singer and civil rights activist Mavis Staples, who has been inspiring fans with gospel-inflected freedom songs like "I'll Take You There" and "March Up Freedom's Highway" and the poignant "Oh What a Feeling" will come to Little Rock for the commemoration of the 60th anniversary of the desegregation of Central High.
  • Klan's president

    Everything that Donald Trump does — make that everything that he says — is calculated to thrill his lustiest disciples. But he is discovering that what was brilliant for a politician is a miscalculation for a president, because it deepens the chasm between him and most Americans.
  • On Charlottesville

    Watching the Charlottesville spectacle from halfway across the country, I confess that my first instinct was to raillery. Vanilla ISIS, somebody called this mob of would-be Nazis. A parade of love-deprived nerds marching bravely out of their parents' basements carrying tiki torches from Home Depot.

Most Viewed

Most Recent Comments

  • Re: Friday's open line

    • I had a busy afternoon but did manage to be in the mighty truck when…

    • on August 19, 2017
  • Re: What's your Big Idea for Arkansas?

    • Do you need an urgent loan to start up business, debt loan? buy a car…

    • on August 19, 2017
  • Re: Friday's open line

    • Cato, you could see where Glibbus was going immediately in prelude to his "dramatic" one-liner…

    • on August 18, 2017

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation