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Article: TOO EARLY TO CELEBRATE.(THE CAP TIMES)(BUSINESS BEAT)(Column)
- Article from:
- The Capital Times
- Article date:
- April 29, 2009
CopyrightCOPYRIGHT 2009 Capital Newspapers. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mike Ivey
The stock market has shown some signs of life this spring, posting six straight winning weeks before pausing last week. Main Street investors might have enough courage to actually open their next quarterly 401(k) statement.
But before getting too excited, remember: The housing bubble is still bursting, the automakers are still in trouble and $780 billion in new government spending is not nearly enough to rescue a faltering $14 trillion U.S. economy.
Just look at the latest jobless figures for a dose of reality. Wisconsin's unemployment rate in March swelled to 9.4 percent, its highest rate since 1983 and above the nation as a ...