Jay Beckingham writes that "The recession is over".
I'm so glad to hear that good news because NOW. . . . . .
- The unemployment figure will fall to an economically viable rate of about 6% or lower.
- The number of foreclosures will fall to a rate considered normal for a viable economy following a recession.
- Home owners will cease to walk away from the burdensome mortgage that equals twice the market value of their property.
- Children will no longer hear the frightening evening news predicting more families losing their homes.
My hobby as a real estate market prognosticator will be much easier because all I'll have to read is the investment in software and computers. I wasn't aware that this statistic was the primary economic index.
WAIT! There is that little voice again. "Wait for the adjusted numbers next month".
The "indisputable" will be disputed.
Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988.
The economy grew 5.9% period!
That's the facts, Jack!
It may be, and will be mentioned that that growth came after a 2.2% increase in the 3rd quarter.
Now for all of you naysayers, quickly click out of the post, and go immediately to Constantly Negative News, also known as CNN for some sort of negative spin. Go ahead, it'll probably make you feel better.
For everyone else, read on!
The recession is over!
Even CNNMoney.com is reporting that most economists feel the recession crashed somewhere last summer. It must have killed them to reach that conclusion, and actually report it.
Let's see now;
"investment in software and equipment grew at the fastest pace in almost a decade," so says Bloomberg's Timothy Homan.
Today's report showed purchases of equipment and software increased at an 18.2% percent pace in the fourth quarter, the most since 2000. Once again Homan's the source. I like this guy!
"the rise in domestic product marked the best performance in more than six years," so says the Commerce Department.
Okay, all is not perfect, it never is. We still have some areas of concern... yada, yada, yada
It is indisputable that we are headed in the right direction. I mean how many cliches would you like;
crawl before you walk, walk before you run
You are getting this, aren't you?
There's been a substantial improvement over the last two quarters.
The recession died!
The fourth quarter GDP increased 5.9%
Let's continue to go forward!