It seems like every day there is some new bit of news about the economy and its chances for recovery. One day the news is good -- consumer confidence is up, for example -- and the next day the news is bad. However, some economists feel that we are just about to turn a corner and that, although the recovery will take some time, the trend is definitely about to head in the right direction.

Economists at the Organization for Economic Cooperation and Development (OECD) have been charting and tracking data from the last several decade's worth of economic cycles. What they found when they studied their charts is that although industrial production has fallen 13 percent over the past year (the deepest downturn since World War II ended in 1945), the decline has recently leveled off and shows signs that it is poised to turn toward recovery. The OECD's leading indicators have already made a strong and steady push toward recovery, and the organization's economists feel that industrial production will follow within the next few months.

I don't know about you, but I'm ready for a recovery.