Is the worst economic times over?
Latest financial news indicate that the stock market has been bullish particularly on the mining sector which was the most affected and losing the largest number of jobs. The currency market on the other hand is also showing a healthy trend.
What is the true indicator of economic recovery? Is it the stock market? Or the currency market? Or commodities market?
Personally, the true indicator of an economic recovery, in addition to the above list, is the effect on the consumers. Is the consumer buying power getting better now? Is the consumer have a sustainable job?
Despite the alleged economic recovery, financial analyst are still worried about the steady rate of unemployment.
The road to recovery from recession is still a long way to go.
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