WSJ- What impact will yesterday's important economic news have on the Presidential race?
More economic evidence that the U.S. continues to do better than most other advanced economies of the world despite the fact that economists have been saying the weak global economy, especially the Euro-crisis, has slowed our recovery. The conservative Wall Street Journal reports today after recent reports showing unemployment dropping and consumer confidence growing, now retail sales increased beating analysts expectations. WSJ- a survey from the University of Michigan showed consumer sentiment hitting its highest level since before the recession. Other polls and surveys also have shown Americans becoming more positive about the economy. Such optimism comes despite a weakening global outlook that has dragged down exports and hurt manufacturers. The domestic economy (the U.S.) is doing better even as the export side is weakening (because of a poor global economy). Economists said the current rebound may reflect a broader improvement in household finances. Job growth has been slow but relatively steady over the past two years, and incomes are rising again. The stock market has been strong and the long-moribund housing market is finally beginning to http://online.wsj.com/article/SB10000872396390443675404578058291688750404.html In August we learned housing had it's first positive year June 2011-2012 since the Great Recession. Today Business Insider reports DEUTSCHE BANK says"The Housing Market Is Telling Us The Rest Of The Economy Will Accelerate Within Months.'...this recovery in housing is important because housing is what led the U.S. economy into a recession, and is part of the reason the recovery has been so slow" http://www.businessinsider.com/lavorgna-housing-recovery-is-for-real-2012-10#ixzz29OwbBsRZ John Walsh, president, Total Mortgage Services- not a big Obama fan- has said "I believe President Obama can claim a victory in the housing war to date". http://thehill.com/blogs/congress-blog/economy-a-budget/242905-obamas-housing-victory See the Official charts on economic growth at http://www.treasury.gov/resource-center/data-chart-center/Documents/20120502_EconomicGrowth.pdf
Asked By: Prometheus4us - 10/16/2012
Best Answer - Chosen by Asker
The first two people who answered lack an education. The Koch Brothers are worth twice what they were in 2008. The stock market has never increased by this large of a margin ever in its history. Unemployment was forecasted to hit 20% when Obama was elected and today according to Gallup it's at 7.3, that's insanely... More
Answered By: Will - 10/16/2012
Additional Answers (4)
I fell asleep on the 3rd line. Why can't you ask a simple question?
Answered By: Keith - 10/16/2012
The more likely it looks that 0bama will lose, the better the market will respond. That possibility is what's driving consumer sentiment. Nothing will kill the economy quicker than his re-election.
Answered By: righteousjohnson - 10/16/2012
Is that why 48 percent of people think the economy is worse now than 4 years ago? Is that why gas prices doubled? This is what happens when you print money like crazy, remember Germany after WWI oh yeah they were doing great. We are one step away from that. Just because we are doing better than th loser socialist... More
Answered By: Tyler - 10/16/2012
Obungholo is still a coon.
Answered By: New_Style_Pimp - 10/16/2012
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