The global economy is showing signs of improving

Recently, the stock market in Europe and Asia have improved, according to this article in the NY Times.  This may mean that things are beginning to look up; however, it could also be an anomoly.  The article also mentions that "savings rates are beginning to rise even as net pay falls."  I think that this is an interesting development-it should help the banks, because people are going to be putting more money into them if they're saving; however, retailers are going to be even more hurt by the recession, which will not be good for the economy.