At The Head Of The Parade

By: Tom Morgan

At the head of the parade

You can listen to the guys who predict doom for our economy. You can listen to those who predict world recession. Or you can look at some facts. When you do, you might come to more positive conclusions.

I am not saying all is rosy. However, some of these facts look pretty encouraging.

Our Gross Domestic Product rose 3.2 percent last quarter. Our exports were particularly strong. Those are good figures. Those who predicted we would be knee-deep in recession by now have red faces.

The number of people filing for unemployment benefits has declined for a few weeks. Another encouraging sign.

The median family income is gradually moving up, after it was stalled. The average family is gaining more disposable income gradually. Good signs.

We should see inflation slow down. That will be welcome by most Americans. We have already seen gasoline prices drop. World oil prices have fallen about 40 percent. Heating oil prices are slipping. Almost all consumers will be happy with this.

Story Continues Below Adverts

Meanwhile the companies that make and ship our products will welcome the lower energy prices too.

Oil is not the only commodity whose price has fallen. The price of wheat has fallen. So has corn’s. And soybeans’ price. And cotton’s. And cocoa’s. (Think candy bars.) And coffee’s. And prices on a range of the metals that go into our various products.

In other words, the prices of things that caused inflation to go up are now going down.

House prices are down, as you know. For sellers, of course, this is bad news. But for buyers and renters it is good news. These prices will likely stay low for a while. This is because we have millions of unsold houses on the market. Many of them are new and unoccupied.

TO READ THE FULL STORY

The Evening Sun

Continue reading your article with a Premium Evesun Membership

View Membership Options




Comments

Official Evening Sun Facebook

pennysaver logo
Shop4Autos logo
greatgetaways logo
Official Evening Sun Twitter