Cautious optimism remains the theme for the economy in 2010. Slow but steady improvement is being seen in several sectors, yet the latest round of earnings reports demonstrate a hesitation to proclaim the U.S. and global economies have entered the recovery phase.
Last month, Donald A. Norman, an economist for the Manufacturers Alliance/MAPI, referred to the economy having been in “rehab” during the last quarter, while now it “finally appears to be on the road to recovery.”
Indeed, manufacturing – one of the hardest hit sectors during this recession – began posting some positive numbers.
According to the Bureau of Labor Statistics, manufacturing added …
