Risk management expert examines economic forecasts - KMSP-TV

Risk management expert examines economic forecasts

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On Thursday, news headlines proclaimed that the worst seems to be over for the U.S. economy based on 2011 census numbers and other government figures through March 2012, but is the optimism warranted?

Stories proclaimed the recession had "bottomed out" and that "the economy is stabilizing" now that Americans are moving for jobs again and more young adults are leaving their parents' homes while poverty slows.

FOX 9 News invited Jim Nowak, vice president of risk management at the United Banker's Bank, to discuss the economic assessment.

Watch the video for more information.

While there are some positive signs, there are also warning signs to show this may not be the bottom. Wages have stalled, unemployment is still high at 8.1% and home ownership has dropped for a fifth straight year to the lowest mark in more than a decade.

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