Thread: Is anyone else sick of this Nascent Recovery talk

Thursday, March 04, 2010

Is anyone else sick of this "Nascent Recovery" talk?

The buzzword of the day is "nascent". It means "beginning to exist or develop". The word is everywhere you look.

Moreover, talk of "nascency" seems like it has been going on forever. Perhaps because it has. Here are some prime examples.

March 3, 2010 - Big Picture: Read it here first: St. Louis Fed Tracks Nascent Expansion http://www.ritholtz.com/blog/2010/03/st ... Picture%29

The St. Louis Fed has made it official, at least through their lens. The recession ended in June 2009. As you read here first in January, late last year the St. Louis Fed discontinued the use of recession shading (thereby signalling its end) in its graphs as of mid-2009. http://www.ritholtz.com/blog/2010/01/du ... ssion-bar/

They have now retooled their Tracking the Recession page to Tracking the Economy, and the default graphs are indexed to 100 in July 2009 (the economy’s apparent trough). http://research.stlouisfed.com/economy/

Feb 26 2010 - FXStreet: Canada: export sector is betting on nascent recovery http://www.fxstreet.com/fundamental/eco ... 02-26.html

Today, we were very pleased by the results of a survey published by Statistics Canada. As Today’s Hot Chart shows, factories plan to increase their investment in machinery & equipment by 8.8% in 2010. Furthermore, the improvement is fairly widespread, 14 major industries out of 20 having reported an increase. The increase planned in 2010 in these productivity enhancing investments is of the same order of magnitude than the one that followed the recession that took place at the beginning of the decade. This occurs despite the fact that this heavily export-dependant sector is now facing the challenge of a strong CAD. Nevertheless, Canadian manufacturers chose to position themselves in order to take advantage of the nascent U.S. recovery.

February 24, 2010 - Bloomberg: Bernanke Says ‘Nascent’ Recovery Requires Low Rates http://www.bloomberg.com/apps/news?pid= ... JyL0&pos=2

Federal Reserve Chairman Ben S. Bernanke said the U.S. economy is in a “nascentâ€

Originally Posted by AirborneSapper7

Thursday, March 04, 2010

Is anyone else sick of this "Nascent Recovery" talk?

It's a recovery for businesses that make money out of offshoring jobs and throwing more Americans out of work.

[quote="AirborneSapper7"]Fed Chairman Ben Bernanke is one of the best contrarian indicators one could possibly find. Yesterday, Bernanke told the House Financial Services Committee that the U.S. economy is in a “nascentâ€