Bloomberg: Global Economic Slide May Be Easing

[terisan]

April 2 (Bloomberg) -- Leaders of the most powerful nations meet today amid signs that the world economy is stabilizing after months of freefall.

The Group of 20 summit convenes in London as some reports suggest the pace of decline is easing. U.S. durable-goods orders and home sales rose in February, Chinese urban investment surged 26.5 percent in the first two months of the year, and German investor confidence in March reached its highest level since July 2007. The Standard & Poor’s 500 Index last month rallied the most in seven years.

Policy makers must still contend with plenty of bad news: The World Bank is warning of an “unemployment crisis,” and the U.S. Labor Department is forecast to report tomorrow that the jobless rate is now the highest in a quarter-century. The challenge for the G-20 is to turn the early indications that the worst is over into a fully fledged recovery.

more at:

<http://www.bloomberg.com/apps/news?pid=20601087&sid=aNz_BL.tu7yw&refer=home>

[jschurchin]

1. Yeah it's easing alright

From Totally Fucked to only 3/4 Fucked. WooHoo!!!!!!!!!

[Bicoastal]

4. For the time being, I'd be OK with that.

Right now, we'd better take what we can get...

[MrPerson]

2. April Fools!!!!!!!!!!!!

[CoffeeCat]

3. LIARS!!! (nt)