"recession is the condition of global meltdown of economies"The recession is continued to disturb the economies badly and slowdown in the overall dimensions of economy and particularly in financial sector. Firstly it was the investment banks, and then the Main Street banks, then the insurance companies, now financial crisis is set to topple the LSMs and the companies that actually build things in economy.
five signs of recession's end
- Global indexes of stock markets start getting rising and improved .
world's stock market index: 567.04 +6.20 (1.11%) 16 Apr 4:59pm ET
NYSE :
5,454.27
+69.30 (+1.29%) as on 16 Apr 08:57 ET
-Cardboard boxes are in demand: The turnaround has started , but it's going to be a long and sow process. About 75% of all nondurabel goods are shipped in courrugated cardboard boxes; when demand for boxes is high, that's sign that the economy is doing well.
-Diamonds are forever...again: Jewellery sales are a leading indicator of recovery in the retail sector , and showing improvment in the confidence of buyers due to positive signs of economic activities.
-Restaurants are bubbly: its get know the recession is ending when the most-affluent diners stop ordering the $150 bottles of wine they've been drinking lately and start ordering the $300 bottles they drand when the economy was stronger....some restauranteurs have already seen sings of recomery.
-Little splurges are back in style: It had never been seen it so crowded.... and people are still lining up for cupcakesat New Yark City's Magnolia Bakery.
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