More Signs The Economy Is Turning The Corner

Although the United States economy did continue to weaken during March and in early April of 2009, the rate of the economic slow down is abating somewhat amid various signs that the economic recession is nearing an end, according to the Federal Reserve Board. 

Five of the 12 districts noted a moderation in the pace of decline, and several saw signs that activity in some sectors was stabilizing at a low level, according to the Federal Reserve Board's Beige Book.

Stocks on Wall Street stood up and took heart from the slightly reassuring content in the report, which ended a consecutive string of depressing commentary from the closely watched Federal Reserve "Beige Book."  The Dow Jones industrial average rose to 7,970.

Economic conditions are obviously still week today, but at least there are now signs that there is some stabilization occuring.  We are still in a recession, but there are clear signs that things are beginning to turn the corner and the economy is beginning to show signs of life.