Kim Insley's Blog: Signs of hope?

5:57 PM, Apr 10, 2009   |    comments
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Long before the government officially called it a recession, people in the country already knew.

When the official proclamation came in, the collective reaction was, "tell me something I don't know."

The feds will likely be faster on the draw when concrete numbers come in showing the turnaround.

We're already seeing signs of hope, and they aren't necessarily coming from the government.

They're coming from the "sold" signs I'm starting to see again in the neighborhood.

They're coming from the builders down the street who are putting up a home in an area that hasn't seen any activity in quite some time.

It's coming.

For the first time in a long time, it seems Wall Street investors are looking for any good news to rally the bulls.  Just a few weeks ago, even a breath of bad news was enough to cause the Dow to plummet.

We got used to the roller coaster going in just one direction.. it's kind of nice to see it turn up the hill, too.

A couple of weeks ago I had the opportunity to interview Dan McElroy, Commissioner of the Minnesota Department of Employment and Economic Development.

I asked him what was on the horizon for Minnesota.

He clearly wasn't happy with the trend of unemployment figures, but when I asked him what was happening in the way of development and new industries in Minnesota, he had quite a lengthy list.

These are deals in the making, not ready to be announced.  But they involve technology the Obama administration has and will be pushing for.  A good sign if you already have some of those things going on in your state.

Commissioner McElroy also spoke about some good things happening in Greater Minnesota.

To be sure, there will be downs, too. Jobs lag recovery, meaning employers will continue to lay off people even after things start picking up.

And as the engine revs up, or the supertanker slowly starts to turn, the average Joe and Jane will hopefully get money back in their pockets, their homes will stop free-falling in value, and they won't have to watch in horror as their IRA's and 401k's reach new lows.

Like before, I'll take my cues from people on the street. Main Street. When they're feeling better, I'll know there's a real recovery. Right now, it feels like a possibility.

By Kim Insley, KARE 11 News

Read Kim's Blog

(Copyright 2009 by KARE. All Rights Reserved.)

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