Good News...There's Good News!

Is it a safe to assume we're all a little weary from hearing all of the gloom and doom on the news lately? From the wars, to the "Swine", to the state of our troubled economy, it seems like the media has had little "good" to report for months.

But, yesterday - "above the fold" on the front page of The Washington Post, no less - there was an article that clearly and consistently offered inklings of "economic hope"

Titled "Wider Confidence Lifts Economy From Winter's Deep, Dark Freeze", the first sentence sets the tenor:

         "The financial system, frozen solid for the past nine months, is in a spring thaw."

According to the article:

• Our frozen economic system is finally starting to show signs of movement again - despite the fact that many of President Obama's economic stimulus programs haven't even had a chance yet to make an impact.
• President Obama and his administration have managed to increase consumer confidence. As a result, consumers are starting to loosen their death grips on their hard-earned cash and are beginning to look into making major purchases once again.

Are Icebergs beginning to thaw? Yes, says The Post!!?:

The article also notes financial institutions beginning to show some signs of stability. In fact, several banks are looking at repaying the money they borrowed from the government in order to get back on their feet. Moreover the premium banks are charging to loan to one another is at the lowest levels since the economic slide. Even the Standard & Poor 500 stock index has gone up by 34% since early March and other indicators have shown that the stock market is finally becoming less volatile than it was just a few months ago.

Positive Realities Via Any Medium = Positive Perceptions = Increased Activity?

While economists are still warning that unemployment rates are likely to remain at high levels until 2010 and possibly beyond, it's encouraging to see that a major media outlet is finally reporting light at the end of this looming economic tunnel. Here's to more "good" news and the hope that more consumers will follow these echos from the media.

Thoughts?

Contributing Blogger - Kevin Koitz

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