It's Official: Tim Geithner Has Been Vindicated For Writing "Welcome To The Recovery"


On August 3, Tim Geithner published an op-ed in the NYT titled Welcome To The Recovery, and he was widely mocked since that was near the peak of the belief that we were on the verge of a double dip.

But has he been vindicated?

It looks like it. Since then all kinds of indicators have suggested that we are in exactly what Geithner called it: a recovery.

The S&P 500 is up 6.1%

The NASDAQ is up nearly 10%

Retail stocks have gone up 25%.

Initial jobless claims have been falling nicely

Auto sales have rocketed straight higher

Retail sales have been up, up, up

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