I don't know if that's good or bad. Unemployment edged back up and GDP fell. http://usatoday30.usatoday.com/money/markets/2011-05-10-weak-dollar-helps-us-profits_n.htm
GDP fell because government spending was cut and government jobs where a net negative overall. Unemployment ticked up .1 because more people entered the workforce. very simple explanations. government spending is at a low point right now.
Dow jones might say 1 thing but my budget says another. I've been finding it harder and harder to stretch my paycheck last couple of years. Food, gas and electricity prices are taking a bigger and bigger chunk. Now tax increases are taking another bite out of it. Yo man. Lemme hold a dolla.
I hope it keeps going up but the new gdp numbers were a little concerning. It'll be interesting to see what happens from here.
GDP fell because government spending was cut and government jobs where a net negative overall. Unemployment ticked up .1 because more people entered the workforce. very simple explanations. government spending is at a low point right now.
By tiny amounts in an otherwise strong trend going on four years. Graph curves fluctuate, the trend is what is important. And US exports are steadily up, the stock market is up, US productivity is up. The future is bright. Dow over 14,000 and you still have your money out of the market? I made 13.5% last year even on my very conservative portfolio with a third bonds.
I seen where the weak dollar makes us more competitive overseas. But as taxes increase on companies and businesses they are passed along to us when we purchase their products. So essentially a tax increase on say coca cola or Budweiser is a tax increase on the consumer.
