Tuesday, November 18, 2008

The Economy 11-18-08

It is well known that a downturn in the economy begins long before the effect is felt. Yesterday experts were saying the economy began its down turn almost a year ago. If that is true then the same is true for a swing back up. Also yesterday productivity numbers in the U.S. improved by 1% above economists predictions. It was felt that that swing was due to recovery from the hurricanes that decimated the Gulf. This morning, Home Depot reported sales above expectations, not good but better than plan. Can this be the turning point. Perhaps It is easy to attribute changes to unexpected events. HD's increase in sales over plan could be due to the housing market and people now repairing homes instead of selling them. Who knows, but we need to be on our toes, the bottom may be near. Let it be said, if we start to regain economic strength, I made the prediction on this date. Yatata!

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