Recession is likely to be over, and coming forward is slow and steady growth. According to EquityPandit.com prediction and analysis this sharp growth is not accepted and not sustainable. Sharp growth after this type of terrific recession is not acceptable.  Economy should recover in steady way. EquityPandit.com feels market to go down again after a small rally towards north and start to recover slowly and steadily from point.

In addition to global stimulus packages declared, countries also made some changes in monitory policy which helped a lot in fighting recession

A quick review of the changes in the global monitory policy over the past 3 months might be useful…

The US Central bank (the FED) and the bank of Japan have dropped their policy weights to zero with the British and European central banks close on their heels. Indian Reserve Bank has cut the Reverse Repo Rate (The short term policy rate) to an unprecedented 3.25% with more cuts likely.

The summary of some of the rates which were changed globally to fight recession are as follows:

Central banks have not been content to drop rates alone. They have been buying back large quantities of bonds from banks, offering freshly printed money in exchange. This infusion of cash, low rates and the fact that banks have begin to trust each other again has meant to soften the inter-bank markets and downward pressure on lending rates. The 30 year Jumbo American mortgage finance rate, the benchmark housing finance in the US has dropped by about one and quarter percentage points since October last year.