At each such turning point since 1960, industrial production has risen notably over the succeeding 12 months. This period is unlikely to be an exception.

It's obvious there's a lot of hand-to-mouth production going on, as businesses are still very wary about undertaking big projects or any sort of new activity for a variety of reasons, some intangible.

Median wages of production workers, who comprise 80 percent of the workforce, haven't risen in 30 years, adjusted for inflation.

The chairman now sounds notably more worried than previously that house prices have risen too much and that the downturn could have a severe effect on the U.S. economy.

He was reluctant to open it, for once such a thing is opened, it cannot be shut again.

Some events in the life of a person, or a company, or a business, or even a country prove turning point.