Robins Romping
Published: February 23rd, 2009
By: Tom Morgan

Robins romping

Omigod!  It is like spotting the robins romping in the snow.  We can see a few glimmerings of hope in this economy. Mainstream media will miss them or ignore them, but they are there.

One is that one of the car companies reports pickup sales are pickin’ up.  It has re-hired a bunch of workers to churn up production to meet the growing demand.

Another glimmering is that housing figures have begun to improve.  Especially the sales of existing houses.

Meanwhile, retail sales moved up one percent last month.  Barely anyone expected this.  This is the first increase in seven months.  Sales of all sorts of merchandise increased.  Sales of cars increased.

Another hopeful sign came with unemployment data.  The number of people signing up for unemployment went down.  Also a surprise.

Don’t dig out the party hats. Happy days are not here again. Nor is Spring, for you robin watchers. Not yet.  We know unemployment figures will probably get worse, for instance.  So many big companies have been laying off.

I don’t know about you.  But in spite of another 3 feet of snow and zero temperatures I still welcome the sight of the robins.

Why are we seeing these glimmerings?  After all, our economy is on the express train to Armageddon.  Or so some politicians tell us.  The banks are busted.  The car companies are nearly kaput.  Housing company execs spend their workdays playing cards.  How can we possibly be seeing a few hopeful signs?

Let us think about that.  Let us remember.  Way back last fall.  Remember when earlier stimulus packages sent out checks to millions of folks?  The folks were supposed to spend the money and fire up the economy.  A lot of them deposited the money into their bank accounts and decided to wait things out.

A lot of them stopped their spending and started saving big time.  Our savings rate has soared.  Americans are sitting on their wallets and purses.  Which have been growing fatter.

..



Comments

Please, login to comment.

Share This Story!


More Stories


Suspected drug dealer jumps through window to escape police raid
Suspected drug dealer jumps through window to escape police raid

The United Way needs contributions with two weeks to go

The perfect storm: Lady Tornado stays undefeated after first road game

NY governor's agenda includes recreational pot within first 100 days
NY governor's agenda includes recreational pot within first 100 days

Lady Marauders stay perfect on the lanes

Brookfield’s buzzer beater hands Vikings a heartbreaking loss

Little if any progress as partial government shutdown looms
Little if any progress as partial government shutdown looms

Warriors earn road win over Purple Tornado
Warriors earn road win over Purple Tornado

Defendant in child murder case considers plea deal with prosecutors

Police seize nearly 2 kilos of meth in Norwich
Police seize nearly 2 kilos of meth in Norwich

pennysaver logo
Shop4Autos logo
greatgetaways logo
Official Evening Sun Facebook Official Evening Sun Twitter