There may be some cause for limited optimism.
The latest ARC figures today show a marked improvement over the last few months of activity.
Specifically Transactions were off less than 1% from last year's numbers and yield was off only 17% vs last year. Year to Date figures are 7% and 26% respectively.
Let's not leap to conclusions. Despite the opinion among leading economists that the Recession has bottomed out, we may just be bubbling along the bottom.
I am not yet convinced but I am heartened by these numbers
Cheers
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