GOOD NEWS!!! Whether you like it or not!

By
Mortgage and Lending with Bank of England Mortgage 385907

Yesterday the gov updated the second quarter GDP report to show;

the economy grew at a 3.3% clip.

That's pretty good!

Generally, it is perceived that a rate of growth between 2.5% and 3.5% means the economy is healthy.

Okay, we had the stimulas checks, and may I add that they worked. These checks, to me, were pretty much the same as a tax rebate. Does this support tax cuts. It is quite obvious that when you put more $$$$$'s in the hands of consumers, in this country, they will be spent.

Still, many naysayers continue to state that we're in a recession. My suggestion is to ignore them.

Durable goods orders jump 1.3%. This is the second month that this manufacturing indicator has shown a higher than anticipated increase.

Let's point out the obvious, this has nothing to do with stimulas checks!

Try this!

Jobless claims ease for 3rd consecutive week!

You can ignore this data if you choose, but facts are facts.

The national media continues to spend 90% of its time and ink on housing, while it probably comprises less than 10% of total economic activity. It's the chic thing to do.

But, facts are facts, and;

Good News, is Good News, whether you like it or not!

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Rainer
59,329
Jason Mitchell
Realty Executives - Scottsdale, AZ

Hey, we could all use some good news!

Aug 28, 2008 02:47 AM #1
Rainer
136,513
Hope Goss
Ventura Property Shoppe - Ventura, CA
Ventura Real Estate

Thanks for the good news - I LOVE hearing good news these days and I think we are headed for alot more good news in the coming months!

Aug 28, 2008 02:48 AM #2
Ambassador
839,217
Charlie Ragonesi
AllMountainRealty.com - Big Canoe, GA
Homes - Big Canoe, Jasper, North Georgia Pros

I must agree with you. Bad news seems to sell more than good news. Therefore I look at www.goodnews.com for stories about what is positive

Aug 28, 2008 02:49 AM #3
Ambassador
517,519
Stanton Homes
Stanton Homes - New Home Builder - Raleigh, NC
Design/Build Custom Home Builder in North Carolina

Almost every economic report I've seen lately has been on the positive side - and I'm starting to notice the media focus turning towards the election.  Will be interesting to see what the next few months bring.

Aug 28, 2008 02:54 AM #4
Rainmaker
507,772
Jerry Murphy, CRS, SRES
Long Realty West Valley - Anthem, AZ
Anthem, Phoenix, and Scottsdale AZ Real Estate

This is good news Jay.  I too think that the media focuses too much on the negative.  The only caveat to this economic data is that the weak dollar has stimulated our export sales.  Which is good.  We still need to see improvement in hourly wage rates, and yes, we do need to see the housing market and financial sectors improve.  The picture is not as bad as the media paint it, but it's not rosy either.  Anectdotal evidence says a lot too.  When record levels of homeowners are losing their homes and financial institutions are on the verge of collapse we need to be cautiously optimistic.  Hopefully the American (and foreign) consumers can keep the economy spinning.

Aug 28, 2008 02:59 AM #5
Rainmaker
223,489
Brian Brumpton
Keller Williams Boise - Boise, ID
Boise Idaho Real Estate

The fear the media propagates keeps readers coming back. 

Aug 28, 2008 03:02 AM #6
Rainer
78,084
Rebecca Schrader
Competitive Insurance of Dundee - Dundee, FL

Jay, this IS very good news. And we can all use some these days! Thanks for the post.

Aug 28, 2008 03:19 AM #7
Rainmaker
1,329,158
Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

This good news needs to be featured in articles -- ones that emphasize the good timing in making a real estate purchase, in the "here and now".

Aug 28, 2008 04:34 AM #8
Rainmaker
288,859
Jay Beckingham
Bank of England Mortgage - Delray Beach, FL
Seniors ROCK!

Jason,

well, you got it!

Hope,

more to come.

Charlie,

surround yourself with positive people and feed off their energy.

Penny,

do you think the media runs from the positive?

Jerry,

why'd you add all of that negativism to my positive blog?

Brian,

they don't care about reporting all the facts. they only care about making a profit.

Rebecca,

you're welcome.

Li

we have not seen opportunities like this for buyers in southwest florida for years.

Jay

Aug 29, 2008 01:19 AM #9
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Rainmaker
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Jay Beckingham

Seniors ROCK!
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