Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Economic forecasting is really an educated guess at best. After all 2011 was suppose to be the year of the recovery, but instead the economy moved along with only modest improvements. Financial recoveries take time; typically it takes about five year for real changes to sink in. Â Â Â Although there have been predictions of more foreclosures on the horizon nothing will match the crashing home prices and massive exodus from newly purchased homes in 2007.Â Here in the San Francisco bay area we have seen home prices gradually rise to a reasonable level, and the unemployment level dropped by 0.5% in November.Â Â Â This past year will probably be most remember for the end to the war in Afghanistan and Iraq, and the death of Osama bin Laden. Thousands of troops have finally been sent home, and with the death of Bin Laden there is a sense that the world is a little safer.Â Â Â Â Â Â Â Now that we are in the first month of the new year we are perhaps having a glimpse of things to come. Unemployment figures were released today showing that employment rose by an additional 0.5% since Nov 2011. Bloomberg Bussinessweek argues that with the fall of unemployment rates Obama's chances of reelection rise. And it doesn't hurt Obama any that the candidates for the Republican Primary are all such wild cards. Â Â Â Â There is a good chance that President Obama will be reelected. During times of economic hardship people want their president to make wise decisions, they want someone who is steady and reliable; and perhaps a little boring. Perhaps President Obama reflects the nature of the coming year. With the Labor Department figures showing six consecutive months of job gains the country has more than mere hope that the economy is turning around.
Â Â Â
Â Â Â Â