Lake Tahoe RSS Feed

Is the U.S. Economy Slowly Gaining Steam?

December 27th, 2009 categories: For Buyers, For Sellers, Lake Tahoe Real Estate, National real estate news

Washington PostA steady, but unspectacular expansion.

The Washington Post article actually says the US economy is slowly gaining steam. Perhaps it’s the use of the word "steam" that gives us caution.

In our opinion, until the US employment rate drops meaningfully, any modifier to describe the economy would have to be less than that which connotates "heat."

Here’s a few bullet points found in the article which came out a release by the U.S. Commerce Department:

  • Americans’ incomes and spending levels rose in November.
  • Data released Wednesday ssuggest the economy has continued a steady but slight expansion.
  • Personal income rose 0.4 percent, the fifth straight month of increase.
  • Consumer spending rose 0.5 percent.
  • These numbers were lower than expected, but still suggest Americans were becoming more confident.
  • When adjusted for inflation, the gains are less impressive.
  • Some economists say the nation will likely emerge from its deep downturn slowly. 
     

(article here)

Tags: , , , , , , , , ,

This entry was posted on Sunday, December 27th, 2009 at 12:24 pm and is filed under For Buyers, For Sellers, Lake Tahoe Real Estate, National real estate news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.

Real Esate Tomato Chiclet