The Economy is Looking Up! (Maybe)

Fight disinformation. Get a daily recap of the facts that matter. Sign up for the free Mother Jones newsletter.


Karl Smith has been predicting for a while that pent-up demand for cars and housing will start to drive economic recovery in the very near future. Today, he notes that auto sales are starting to rebound, apartment construction is up smartly, and private forecasters are starting to project nice GDP gains in the fourth quarter:

As long as Europe doesn’t destroy the world — and it very well may — I expect Multi-Family starts to be posting record highs by the end of 2012.

And I mean record, never before in American history will construction be started on so many apartment complex units.

I continue to think that debt constraints are going to keep growth reined in for a while, and that both Europe and China might have serious effects on the U.S. economy in the near term. Still, there’s also reason for optimism, and I think Karl makes about as good a case as anyone for it.

ONE MORE QUICK THING:

Or at least we hope. It’s fall fundraising time, and we’re trying to raise $250,000 to help fund Mother Jones’ journalism during a shorter than normal three-week push.

If you’re reading this, a fundraising pitch at the bottom of an article, you must find our team’s reporting valuable and we hope you’ll consider supporting it with a donation of any amount right now if you can.

It’s really that simple. But if you’d like to read a bit more, our membership lead, Brian Hiatt, has a post for you highlighting some of our newsroom's impressive, impactful work of late—including two big investigations in just one day and covering voting rights the way it needs to be done—that we hope you'll agree is worth supporting.

payment methods

ONE MORE QUICK THING:

Or at least we hope. It’s fall fundraising time, and we’re trying to raise $250,000 to help fund Mother Jones’ journalism during a shorter than normal three-week push.

If you’re reading this, a fundraising pitch at the bottom of an article, you must find our team’s reporting valuable and we hope you’ll consider supporting it with a donation of any amount right now if you can.

It’s really that simple. But if you’d like to read a bit more, our membership lead, Brian Hiatt, has a post for you highlighting some of our newsroom's impressive, impactful work of late—including two big investigations in just one day and covering voting rights the way it needs to be done—that we hope you’ll agree is worth supporting.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate