According to the economic tea leaves, a recovery is still in the offing. Here’s what the tea leaves are telling us:
- Home prices are up 6.2%
- Consumer spending is up 0.7%,
- Personal incomes are up 0.2%,
- New jobless claims are down 7%
- Stock markets are up an average of 0.3% (DJIA up 0.2%, S&P up 0.3%, Nasdaq up 0.3%)
- GDP is growing at a rate of 2.8%.
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