Has the economy stabilized?  According to Federal Reserve Chairman, Ben Bernanke, in an article by John W. Schoen for MSNBC, ". . . from a technical perspective the recession is very likely over at this point, it's still going to feel like a very weak economy for some time as many people will still find that their job security and their employment status is not what they wish it was." 

ADP, as national payroll manager, reported that US companies eliminated more than 250,000 jobs in September, more than experts had forecast.  And the first time claims for unemployment insurance rose to a seasonally adjusted 551,000, up by about 17,000 from the week before.  This also caught experts by surprise.

Spending was up in September, although overall not quite as much as in August.  Does this coincide with the end of the Cash for Clunkers program?  Housing sales are also up, almost 6.5% in August.  The first time homebuyers tax credit may have fueled some of this growth and it is possible that when the program ends on November 30, we could see a drop in home sales, especially for the first time homebuyers.  Despite housing sales numbers rising, the prices continue their dreary decline, although not as rapid a descent as in the past year.

Even the chairman of Wal-Mart Stores, Inc. has said that the global economic recovery will be "lethargic".  He expects the recovery to be strongest in Asia.

Jeffrey Immelt, CEO of General Electric also put a bit of a damper on the outlook of a stabilized economy by suggesting that high unemployment and slower lending will be a drag on the US economic growth, with the result being perhaps the weakest recovery in decades.

Housing prices are still going down, unemployment is going up, spending is up but may have been spiked by government programs, housing units sold are up and auto sales have plummeted downward.

So you tell me, has the economy stabilized?  One can only hope.