No the recession is NOT over. Just because consumer spending has risen doesn't mean we can all go "Yay, all our problems are over!" Consumer spending rose because stores had crazy sales so they sold more. Cash for clunkers also boosted sales in the auto industry. The only way I would declare this recession over and done with, is when millions of people that lost their jobs get them back, the value of the dollar rises, and more houses are bought by qualified buyers. And all the "Buy gold from us!" commercials on T.V. Notice how I did not mention that the Dow gets back to more than 11,000 points. Most people want the market to go back to that 14,000 level, but what they forgot was that 14,000 point level was caused by the housing bubble,the mortgage crisis, and stocks being overvalued for what they were really worth. We still have months to go and with the way the "big boys" are handling this situation, it's going to be long uncertain months. Just my .02
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