[fintstone]

Originally Posted by jyl

"Nothing is getting better"?

Let's see.

Industrial production bottomed and is rising QOQ. Consumer spending is rising, YOY and QOQ. Disposable income is rising, YOY and QOQ. Home prices are stable and starting to rise, ditto existing home sales. Corporate profits are recovering, pretty smartly in some sectors. Bond yields are way down, credit market indicators are improving, lending to corporate/consumer has stabilized and is possibly starting to improve. Leading economic indicators are rising. Equity prices have partly recovered...

The only spending that has increased is due to Govt giveaways...Cash for Clunkers, etc. It is not sustainable. Wait until the insane spending results in runaway inflation and high interest rates...not to mention the planned tax increases to pay for all the spending and taking over of healthcare and other industries. How many homes will sell then?