Consumer Confidence Is On The Rise Again
Yesterday seemed to be one of those days that America really needed to happen. All around the financial markets there were indicators that
showed that consumer confidence was up again. The stock market took a solid jump while Lowe’s announced a higher than expected earnings report. What is amazing is Lowe’s earnings are down from the last quarter. In addition, the housing market is now taking an upswing of their own. If you have not had a chance to read What a difference a year makes then I recommend that you do so now.
Doe this mean that people are going to run out and start spending money like crazy? No, absolutely not. Does this mean that we are out of the rescission? No, absolutely not. So, what does this mean for our economy. It actually means that we are ready to turn the page as a nation and start breathing life back into a weak economy.
One of the great things that seperates the housing market from the stock market is the fact that the housing market has it’s own little pockets and just because one neighborhood is losing value does not mean that the entire city is losing value. On a larger scale, the same thing can be said of cities versus states or states versus the nation. This is why you need to consult a professional that is in your area.
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