Economy Roars On or It's the Economy, Stupid by SignyM

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Economy Roars On or It's the Economy, Stupid

POSTED BY: SIGNYM
UPDATED: Wednesday, August 15, 2007 11:36
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Wednesday, August 15, 2007 11:36 AM

I believe in solving problems, not sharing them.

Preface

May 02, 2006 09:23
Despite what doom/gloomers say, economy roars on.

AURAPTOR

Just more fuel for the economy which is on FIRE!
U.S. Stocks Rise on Verizon Profit; S&P 500 Nears 5-Year High

May 2 (Bloomberg) -- U.S. stocks rose as earnings from Verizon Communications Inc. exceeded analysts' forecasts, easing concern that higher interest rates may curb profit growth. The Standard & Poor's 500 Index reached an almost five-year high.

In our last chapter, discussion of Bush's accomplishments (negligible Federal revenue growth and 25% increase in spending) gave rise to concerns about the health of the dollar. Meanwhile....

Dow hits 4-month low
Major gauges tumble, Dow and Nasdaq end lower for fifth straight session on revived worries about credit and mortgage market.

Homebuilders' confidence at 16-year low
Builders see subprime mortgage woes spreading with no sign of a turnaround until 2008 at earliest for battered new-home market.

Consumer confidence down after rate rise
August 15, 2007 - 11:06AM

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Always look upstream.

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