Finally some good news

By Michael Boshnack

There are many indicators that economists use to determine the strength of our economy, for the first time in as long as I can remember there have been some positive changes and as a result the stock market has risen almost 1,000 points in the two weeks. One indication of the improvement in our economy is that consumer prices rose for the second time in the last year. This helped offset the big fear deflation, which occurs as a result of a troubled economy. The labor department indicated that consumer prices rose .3 percent in January and a staggering .4 percent in February.

Although housing sales and prices are still down, they at least had a month where we can report there was not a negative decline on both parts. The commerce department indicated that new home sales rose 4.7% last month, hopefully this is a good sign and not just saying that there are even more foreclosures that people are scooping up. I am just glad there was something positive to write about for once, this was the first time in a while I remember blogging about something positive.

To read more click on these links
Economy shows positive sign but it may not last

Rise in consumer prices eases deflation fear

February New Home Sales Rise Unexpectedly