V Shaped Economic Recovery?

The economists at First Trust Advisors (based in Wheaton, IL) have been trying to convince whomever will listen that the pending economic recovery will be "V" shaped rather than the conventional wisdom of an "L" shaped recovery.  While some of the statistics that economist Brian Wesbury identifies are a little obscure, that fact remains that most of the statistics indicate that we reached the bottom of this economic crisis somewhere around January or February of 2009.

We still contend that the housing market will not begin a sustainable recovery until we see job losses turn into consistent job gains.  However, according to Mr. Wesbury, the end of job losses may be on the horizon and job gains could be right around the corner.  

Regardless of whether you believe in the "L" or "V" shaped recoveries, it might make us all feel a little better if we read Brian Wesbury's articles every now and then.  His most recent articles can be found here.