Friday, May 29, 2009

Economic come back?

It is a subject of discussion these days. The economy may be making it come back. The numbers may tell us more about it. The sale existing houses is in the rise compared to past two months, fewer people are filing for unemployement benefit, Oil price is on the rise. These indications may be a positive sign. Talking about the housing market, it seems like people have some saving to spend on buying new house. So may be the housing market has hit the buttom of the pit that we feared and it is coming back to life; but the bid question of all time is : Is it a good time to buy? (we are not trying to answer this question at the moment), on the other hand millions of homeowners are in the red and unal to get financing or a take over of their morgages. We heard recently about buying bad assets, when will buying bad morgages become reality? The fund used to rescue wall streets through a backdoor wasllstreet rescue plan, the money ended up in wallstreeters' pockets in form of bonuses... Come on!!! more than a quarter of the rescue money...this is insanity. The unemployement claim has gone down. a question come to my mind: Are people tired of long line at the social security office or are people finding jobs? To know the answer to this questions, you just have to look at the number of murder associated with suicide. The Statistics are unbelievable. And Summer is around the corner, time for the rich oil mania to make some more bucks. Oil price is clumbing coz of a so called increase in demande. Seems like demande is concentratted on in one field, Defense. Most countries are increasing their military spending, and wat is the reason, a looming threat of Unkown origins. As the title says is the Economy really coming back is the problem of form what angle your wnat to tackle the issue. For and Oil mania, the economy is coming back but for waitress or janitors, the economy is miles away




But how how this trend will last? Answering to this question

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