From an economic recap article in the New York Times this morning U.S. Economic Contraction Slowed in Quarter:
“The most severe part of the decline is behind us,” said Joshua Shapiro, chief United States economist at MFR, an economic consulting firm. “But it’s hard to say how sustainable whatever bounce we might see will be. It depends largely on whether the consumer has the genuine ability to spend, or if it’s all just government cheese being handed out.”
I am always wondering: who moves my cheese?