The Economy

I have a really difficult time understanding our economy. On one hand, I woke up this morning to a business person on MSNBC explaining how cable companies are noting that customers are dropping premium services, trying to trim their bills as far as possible.  Yup.  Me, too. Then, catching up with some bloglines over lunch,  I ran into the economic info that has bloggers on the Right just jumping up and down.  As for me, I'm wondering just where these numbers really come from...

“U.S. Economy: Growth Unexpectedly Accelerated”

More bad news for John Edwards, Economic growth in the U.S. unexpectedly accelerated in the third quarter as increases in exports, consumer spending and business investment made up for another plunge in home construction. Gross domestic product grew at an annual rate of 3.9 percent, the most in more than a [...]

Hmmm. The Fed must not be convinced that the numbers will continue...

Fed Cuts Rates By Quarter Point

The Federal Reserve, confronted with surging oil prices and a slumping housing market, on Wednesday cut a key interest rate by a quarter-point, the second rate reduction this year. The central bank lowered the federal funds rate to [...]

Indeed, analyzing the big picture brings one frightening forecast:

Today's Housing Bubble Post - The Fuse Is Now Lit

Oh, by the way,

NEW YORK (AP) Gold has traded above $800 for the first time since 1980.

Tags: Economic Growth, Home Construction, Consumer Spending

Powered by Qumana