6 Reasons to be optimistic about the ECONOMY

Discussion in 'Politics' started by rightwinger, Apr 6, 2010.

  1. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    The economy: 6 reasons to be cheerful - The Week

    Jobs are proliferating: 162,000 new positions sprung up in March, the government announced on Friday. Even if you discount temporary census jobs, the addition of 123,000 private sector jobs marks the sharpest growth since May 2007.

    The service sector is expanding again: Industries such as healthcare, retail and financial services grew at the fastest pace in almost two years. This suggests the nation's economic recovery "is expanding from the nation's factories to its shops, restaurants, hospitals and other big sources of jobs," says Tali Arbel at the AP.

    More homes are going into contract: Pending sales of existing homes rose unexpectedly in February, reports CNN Money. The number of signed contracts grew by 8.2 percent, the highest month-to-month rise since October 2001. Economists had been predicting a 1 percent decrease.

    The iPad's success is contagious: The extraordinary success of the Apple's iPad — with an estimated 700,000 units sold in its first weekend — has caused the entire tech sector to surge. Google, Microsoft, Hewlett Packard, Cisco and Intel all saw their stocks gain as a result of iPad sales figures. Apple's stock price jumped by 27 cents a share.

    The stock market is ticking upwards: Good news about jobs and home sales provoked a stock rally, says Alexandra Twin at CNN Money. Crude oil prices jumped to an 18-month high and the Dow Jones industrial average crept within 11 points of 11,000, a "key psychological level" that has not been regained since Lehman Brothers' collapse threw the market into freefall in September, 2008.

    Top economists are bullish: The oft-gloomy Alan Greenspan, the former Federal Reserve chair, has spied the green shoots of economic recovery. "There is a momentum building up," Greenspan told ABC News, adding that the odds of a so-called "double dip recession" have "fallen very significantly," even if a full recovery will still take some time
     
  2. ihopehefails
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    ihopehefails BANNED

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    Thank goodness for the hardworking private sector that has to labor under this current administration. So far, the private sector, free-enterprise is creating more jobs than the government is.
     
  3. Toronado3800
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    Toronado3800 VIP Member

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    I'm still not sold. There is a fair amount of unsustainable deficit spending going on.

    BUT, the crisis does seem to have passed. My home value isn't falling, that type of thing.

    Trick will be to create value added products to export to the rest of the world, bring their standards of living up instead of ours down.
     
  4. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    I'm very optimistic for the economy. Barack Obama won't always be President after all. And I have complete confidence that at some point this insane fiscal and monetary policy will end.
     
  5. Mr. H.
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    Mr. H. Diamond Member

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    Low interest rates, low fuel prices. We got 'er dicked.
     
  6. CrusaderFrank
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    CrusaderFrank Diamond Member

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    We can give every unemployed person an iPad!

    Ohh! And make them a Czar! A Czar with an ipad!
     
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    Last edited: Apr 7, 2010

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