Reuter’s reports today that the GDP rose an annual .6% for the first quarter, beating the estimation of .2%.  Meanwhile, the private sector added 10,000 jobs to their payrolls.  This may hold off the nay-sayers for a bit, but they’ll be back.  Good news for our economy abounds weekly, yet it gets a quick mention at best, then it’s on to the doom and gloomers to warn us a recession is just around the corner…  and my tax rebate comes this week.  Once these monies hit the stores, things will ramp up considerably.  

http://www.reuters.com/article/businessNews/idUSN2932297520080430?feedType=RSS&feedName=businessNews

Check this out from England.  Seems the British mainstream media feeds the same doom and gloom to it’s readers and listeners.  The question is, will they bite?  I have always stated that our fundamentals are strong.  Corporations are still making profits, and people are consuming, which is why you can’t force an economic recession, unless the consumers are willing to yield it.  Blessings to the motherland.

http://scotlandonsunday.scotsman.com/business/Economic-doommongers-too-focused-on.4024163.jp

The list of the Country’s most profitable companies is lead by Exxon, who has set the benchmark for profits in the US for the past three years.  The list also includes banking, investment, and consumer good companies.  Read more at CNN.  

http://money.cnn.com/galleries/2008/fortune/0804/gallery.most_profitable.fortune/index.html

Everyone can breathe a small sigh of relief as Bloomberg reports that the leading economic indicators probably pointed North for March.  The key indicator for the increase was the Fed’s action in the increase in the money supply.  Read more at Bloomberg.

http://www.bloomberg.com/apps/news?pid=20601103&sid=aUgZa5GnV.mI&refer=news

I reported that the UK is expected to continue economic growth for 2008 and into 2009.  Now Asia is likely to come through the US’s economic troubles unscathed.  The UK and Asia are our major trading partners.  We rely on Asia to produce many of our products, and England has always been a major investor in United States companies. Read more on how Asia has built and maintained a strong growth rate.

http://www.livemint.com/2008/04/14221503/Can-Asia-escape-a-slowdown.html

The United Kingdom expresses positive sentiments about their economic activity for the remainder of 2008, and 2009.  Although the International Monetary Fund and UK’s Chancellor Alistar Darling disagree on the rate of growth, both predict a growth in their economy. 

http://www.ukinvest.gov.uk/OurWorld/4029584/en-GB.html

Another good sign that our economy, while struggling, is not shrinking.  Retail sales rose .2% for the month indicating people are still willing to go and consume.  And the tax rebates have not even hit yet.  

http://www.reuters.com/article/businessNews/idUSN1227939120080414?feedType=RSS&feedName=businessNews

Short term concerns linger, but the global perspective of the World’s major economic power remains positive for the long-term.

http://www.yomiuri.co.jp/dy/business/20080413TDY01304.htm

Thanks to Charles Pfeiffer for bringing this to my attention.  Good economic news for New York.

http://www.rbj.net/fullarticle.cfm?sdid=72528

I’ve decided it’s time to broaden my scope to include worldwide economic news that is positive.  Everyone needs a little break from the doom and gloom.  So here’s some good economic news for Saskatchewan.  

http://www.saskatoonhomepage.ca/index.php?option=com_content&task=view&id=11136&Itemid=374