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All Signs Point to Recovery

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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