May 28, 2008
Stripping out transportation, orders for durable goods were up 2.5% in April when analysts expected a drop of 10%! Overall, orders were down, but primarily due to aircraft orders taking a plunge of over 24%.
The article even states it’s getting harder and harder to suggest we’re in a recession. I have a hard time seeing it from my hometown. When I visit our local shopping malls, and electronic retail stores, I see them bustling with activity, and checkout lines full of customers.
As long as we continue in our state of consumerism, it is my feeling that once the rebate checks start finding their way to Circuit City, Best Buy, Lowes, Home Depot, we’ll see a bigger lift for May and June.
It had been a dry week finding positive news about our economy, but so far this week, it’s been more abundant.
Read more:
http://www.reuters.com/article/businessNews/idUSN2739793820080528?feedType=RSS&feedName=businessNews
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Positive Economic News | Tagged: durable goods orders, good economic news, Positive Economic News | 
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Posted by tzugidan
May 28, 2008
Seems the commodities markets are watching the news. As I watched a story on GM’s new “Volt” electric car, who’s battery (a gigantic cell phone battery basically) is in 24 hour testing stages, I was reaffirmed that the oil commodities exchanges would no doubt get the message too.
As I’ve said in previous posts, and I remain steadfast, that this is good news for us. It will be short-term pain, but long-term gain. When the Volt hits the market, those that drive under 50 miles per day can go on a single plug-in from their home each night…costing a whopping 80 cents. 80 CENTS! to drive 50 miles…take that one oil industry!
The tide is turning and I have no doubt prices will fall. When those that have gotten rich on our consumption, realize we’re turning elsewhere for energy to transport us, they’ll open the coffers. It’s just simple business sense. It doesn’t take a genius to figure it out. The oil is there, and someone or someone(s) are making a killing selling it to us. Detroit has ignored the issue long enough, and the foreign auto-makers like Honda and Toyota with their Hybrids, have paved the way for innovation, new investment in energy resources, and what will no doubt in my mind become an emerging industry that not only we will enjoy the benefits of its growth, but Wall Street will delight in it’s ROI…
http://www.thestreet.com/s/falling-oil-props-up-stock-futures/markets/marketstory/10418610.html?puc=googlefi&cm_ven=GOOGLEFI&cm_cat=FREE&cm_ite=NA
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Positive Economic News | Tagged: alternative fuel, energy, oil prices, stock market | 
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Posted by tzugidan
May 16, 2008
I think we can thump the pundits at this point. Housing starts have their biggest gains in over two years, this amidst all the recession rhetoric. This is just the kind of positive news we need to get us back on our way to the prosperous times the hard-working people of this country deserve.
And while it is true, the majority of the new permits came from multi-family homes, the fact is, the results beat economists expectations, and it’s no surprise that builders are focusing on apartments…who in their right mind would build more single family homes right now? Builders have to build for a living, let’s just hope we don’t make the same mistake with multi-family homes as we did with single family dwellings.
http://www.forbes.com/markets/feeds/afx/2008/05/16/afx5019022.html
Leave a Comment » | Positive Economic News | Tagged: housing market, housing sales, housing starts | Permalink
Posted by tzugidan
May 16, 2008
Resisting the US slowdown Japan’s economy continues to explode, siting greater demand in Asia. Germany’s economy also grew citing global economic expansion. This is another example of how the rest of the World will carry us along until we get our feet back under us, and learn to temper our thirst for profits (housing) with sound fiscal policy. And learn to invest and set a path for explosive growth in alternative energy source research, development, and implementation. We’re on the verge of some real awakenings in this country, and it’s rather exciting to see.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aMmkiWlbQOQ4&refer=home
Leave a Comment » | International Positive Economic News, Positive Economic News | Tagged: germany's economy, global economic news, good economic news, japan's economy, Positive Economic News, positive global news | Permalink
Posted by tzugidan
May 16, 2008
One of America’s premiere upscale clothiers posted net profits that beat the same quarter last year. This, in the face of the “recession” that mainstream media is trying to force down our throats, is another example of consumers…consuming, and not at discount clothing stores, but some of the priciest casual clothing around. I know this, because I have a teen daughter. Good news for Abercrombie, and positive news for our economy. Read more at WSJ.
http://online.wsj.com/article/SB121093760354498525.html?mod=googlenews_wsj
Leave a Comment » | Corporate | Tagged: abercrombie, abercrombie profits, economy, good economic news, Positive Economic News | Permalink
Posted by tzugidan
May 12, 2008
Retail sales excluding autos rose .1% in April vs. March. Apparel sales increased 5.5% and the release of Grand Theft Auto (over $500 million in sales) boosted a soft electronics sector. It will be interesting to see how May plays out as Tax Rebates started hitting bank accounts earlier this month. Any increase is not a decrease, which should provide positive news, but no doubt they’ll report the number less gasoline and autos.
http://www.reuters.com/article/businessNews/idUSN0951007820080512?feedType=RSS&feedName=businessNews
Leave a Comment » | Positive Economic News | Tagged: economic news, Positive Economic News, retail sales, retail sales results April | Permalink
Posted by tzugidan
Posted by tzugidan 
