Dow hits 13,000 for first time ever
Corporate earnings, large and small corporations, met their
expectations, and many exceeded their mileposts.
That coupled with continued record low unemployment rates means
the economy will continue for yet another quarter with steady growth.
Despite gasoline prices (paid $3.28 this morning).
Despite the drop in existing home sales.
Despite the decline in the new home business.
Home sales and home construction always have boom and bust
periods, that's the way of the industry. It is leveling out in the
home building business....look for smaller homes, fewer of the
'McMansions', more townhomes and condos, and more senior
The Bush tax cuts continue to pave the way for the entire economy
to move up, not down.
No, Congress should not step in and help people who were sub-prime
borrowers, and who knowingly signed deals for sub-prime loans ,and
then, surprise, cannot pay the loans now. Unless, it was a scam deal,
they signed the deal, live with it. 95% of Americans with mortgages
pay their loans on time, and meet their legal obligation. Give them a
tax break, not those who don't bother to pay off their loans ,and have
a history of not paying off their debts.