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Crowley declares recession over

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Mornings are chilly, cherries are already out of season and its dark by 8 p.m. — yes, it’s that time of year again. Time for a sneak preview of the Southern Colorado Economic Forum, that is. (If you thought I’d say something cliché about the “crisp feel of autumn in the air,” then you don’t… Continue Reading Crowley declares recession over

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Commercial lending is not a business for the faint of heart. Several years ago, lenders worked overtime — scarcely able to keep up with demand. Now, they must patiently stay the course, until the market scrapes bottom before rising. Nationally, commercial and industrial lending is described in such reticent terms as “unlikely to loosen quickly.”… Continue Reading The dog days of recession for commercial lenders

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Crowley: El Paso County recession over

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New economic data suggests that El Paso County is pulling out of the recession. Jobs, housing numbers, car sales and the return of Fort Carson soldiers are some of the economic indicators that point to an emerging economy, said University of Colorado at Colorado Springs Senior Economist Fred Crowley. Real wages are expected to increase for… Continue Reading Crowley: El Paso County recession over

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Pulse of housing market growing stronger

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WASHINGTON (A.P.) – New U.S. home sales rose by the largest amount in more than eight years last month, in another sign the housing market is finally bouncing back from the worst downturn in decades. The Commerce Department said Monday that sales rose 11 percent in June to a seasonally adjusted annual rate of 384,000,… Continue Reading Pulse of housing market growing stronger

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NEW YORK (AP) – More plans to build homes, higher stock prices and fewer people filing first-time claims for jobless aid sent a private-sector forecast of U.S. economic activity higher than expected in June.It was the third straight monthly increase for the New York-based Conference Board’s index of leading economic indicators, and another sign pointing… Continue Reading Economic activity points to recession’s end this year

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One survey indicates the national retirement age is rising as a result of the economic recession, and while Coloradoans are working further into their golden years, it might not be just because of poor economic times. Survey results released this week by Oakland, Calif.-based Golden Gateway Financial said half of all seniors’ net worth has decreased by 10… Continue Reading Recession has retirement age creeping upward

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Alphabet soup sometimes spells help

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Because of the recession and multiple bailouts, acronyms have been bandied about like cotton candy at the county fair. But there are so many new programs that it can be confusing to consumers on Main Street. Two of the main programs have similar-sounding acronyms, but are administered by different federal agencies. The Term Asset-Backed Securities… Continue Reading Alphabet soup sometimes spells help

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Only 5 percent of small business owners polled by the Small Business Research Board said the economy is showing signs of significant recovery. Nearly 36 percent of small business owners believe the economy is just starting to show signs of recovery. About 25 percent said the economy has bottomed out and could begin recovering during… Continue Reading Few small businesses say economy is recovering

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A private research group says its forecast of economic activity rose in May, the second straight gain after seven months of declines. The Conference Board says its index of leading economic indicators, designed to forecast activity in the next three to six months, rose 1.2 percent. Economists surveyed by Thomson Reuters expected a 0.9 percent… Continue Reading Leading economic indicators up more than expected

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WASHINGTON (AP) – Fresh signs that the economy is stabilizing – though at very low levels – emerged today in reports that home construction rose more than expected last month and wholesale prices remain in check. The building of new homes and apartments jumped 17.2 percent to a seasonally adjusted annual rate of 532,000 units from… Continue Reading Construction numbers hint at economic rebound

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