The Economy is Looking Up! (Maybe)

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Karl Smith has been predicting for a while that pent-up demand for cars and housing will start to drive economic recovery in the very near future. Today, he notes that auto sales are starting to rebound, apartment construction is up smartly, and private forecasters are starting to project nice GDP gains in the fourth quarter:

As long as Europe doesn’t destroy the world — and it very well may — I expect Multi-Family starts to be posting record highs by the end of 2012.

And I mean record, never before in American history will construction be started on so many apartment complex units.

I continue to think that debt constraints are going to keep growth reined in for a while, and that both Europe and China might have serious effects on the U.S. economy in the near term. Still, there’s also reason for optimism, and I think Karl makes about as good a case as anyone for it.

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LET’S TALK ABOUT OPTIMISM FOR A CHANGE

Democracy and journalism are in crisis mode—and have been for a while. So how about doing something different?

Mother Jones did. We just merged with the Center for Investigative Reporting, bringing the radio show Reveal, the documentary film team CIR Studios, and Mother Jones together as one bigger, bolder investigative journalism nonprofit.

And this is the first time we’re asking you to support the new organization we’re building. In “Less Dreading, More Doing,” we lay it all out for you: why we merged, how we’re stronger together, why we’re optimistic about the work ahead, and why we need to raise the First $500,000 in online donations by June 22.

It won’t be easy. There are many exciting new things to share with you, but spoiler: Wiggle room in our budget is not among them. We can’t afford missing these goals. We need this to be a big one. Falling flat would be utterly devastating right now.

A First $500,000 donation of $500, $50, or $5 would mean the world to us—a signal that you believe in the power of independent investigative reporting like we do. And whether you can pitch in or not, we have a free Strengthen Journalism sticker for you so you can help us spread the word and make the most of this huge moment.

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