Green shoots scenario: Krugman calls recovery

Posted Jun 8th 2009 5:00PM by Alex Salkever
Filed under: Good news, General Mills (GIS), Economic Data

Summer is here and green shoots are popping up everywhere. Paul Krugman calls a recovery by September, a very fast turnaround for someone who has been very bearish. Taiwan exports hit a six-month high last month, sparking hopes that the electronics industry is set for a recovery -- a nice high multiplier economics shift.

Meanwhile, what's good for General Mills (NYS: GIS) is good for America and the cereal maker upped guidance, implying a bottom in consumer staples and that, at the very least, cutbacks in purchases of essentials reported in the latest spending numbers are overblown.

Alex Salkever is the Director of Research at Piqqem.com, a stock prediction and analysis community powered by the Wisdom of Crowds.

Tags: general mills, GeneralMills, Krugman, paul krugman, PaulKrugman, recession, recovery