Recovery: What Shape Are We In? A New Report

A report released this week by capital management specialists at Ferguson Wellman says “While not yet a consensus view, the outlook for positive U.S. GDP growth in late 2009 is increasingly likely.”

Report highlights:

• Strength is coming from emerging economies. “Shovel ready” projects in the U.S. means 1-2 years out. In China, that means months or a few weeks!
• The market has made a very dramatic and rapid advance since it’s March lows. 
• There are “green shoots” emerging in the U.S. and around the world.
• The recovery process will likely continue for some time. 
• Consumer savings is at its highest point in the last 15 years.