People have differing opinions on what turned the economy, spurred the markets, and bolstered confidence in early 2009.In February 2009, The American Recovery and Reinvestment Act was signed into law, and there’s no question it played a major role.
Mike Norman, Chief Economist of John Thomas Financial, has built a chartbook that shows 21 major market and economic indicators before and after the U.S. government unleashed stimulus.
“Did the stimulus work?,” Norman asks rhetorically. “Here’s unequivocal proof.”
NOTE: Thanks to Mike Norman for allowing us to feature his chartbook.