Posts Tagged ‘october’

Ready for the Rebound?

October 1, 2009

Note: the following is the “From the Editor’s” column appearing in the October issue.

Here’s an exercise: Enter the words economy and rebound into Google’s News search function. You’ll get some interesting results.

The day I’m writing this column, I perform this very search. The first story to pop up by relevance is a Wall Street Journal article, the lead paragraph of which reads, “The U.S. economy and financial markets are improving, but are still shaky and are vulnerable to further shocks, Federal Reserve Bank of Atlanta President Dennis Lockhart said.”

I’ve been curious what the policy wonks across the country are prognosticating for a very specific reason. In the course of researching and reporting a handful of stories recently, I’ve heard a phrase with a common theme running through that sounds something like this: “Making sure we’re doing everything we can to brace for when the economy turns around.”

The first time I heard talk about the economy turning around was last year, and it sounded a bit more like pie-in-the-sky hopefulness than what I’ve been hearing lately. And thank goodness for that doubt — this was before things really augured into the ground in September (more…)