The economy seems to be in a precarious state, I’m afraid. Oil just topped $100 per barrel and this can easily divert dollars from the spending it will take to help create jobs and help the recovery solidify. Not making a prediction, just an observation.
The recession is supposed to be behind us. Yet, it doesn’t quite feel like we a re in a recovery just yet, does it? I remember stagflation, that odd mix of unemployment and inflation, this sure isn’t it. Whatever we are in, we need to get out. Soon.