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"These figures give hope than we can finally put the past decade of decline behind us," Kim Bayley, chief executive of the Entertainment Retailers Association, said.
"I was hoping we had gotten a good portion of the decline behind us and I was ready to make the move," said Mr. Naroff, speaking of the house he bought in Margate in 2008 not long before Lehman Brothers crashed.
"We need to understand more about what is really driving the decline behind these two.
The large states — France, Germany, Italy — are falling into relative decline behind quick-paced Americans and Asians who are thrust into the future not only by business competition, but also by the lure of the new opportunities created by the knowledge economy.
Profit at Citigroup and an upbeat turn in consumer confidence numbers bolstered investors' hopes that the worst economic declines were behind, and that the recent stock-market rally had some staying power.
At the same time, lenders have become more cautious about whom they will lend to, as more people lose their jobs, watch their incomes decline and fall behind on their bills.
"Our full-year results show that Reuters is on the road to recovery, with the worst of our revenue declines behind us," the chief executive, Tom Glocer, above, said.
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