Recession what stinking recession?
November 28, 2007
Wall Street barreled higher Wednesday for the second day in a row, giving the Dow Jones industrial average its biggest two-day point gain five years after a Federal Reserve official hinted that the central bank may lower interest rates again
And more on the economy:
According to a report by The Conference Board, about 73 million US households now have discretionary (spendable) income, up from about 57 million in 2002. Total discretionary income in the US topped $1.7 trillion in 2006, with the household average at $24,335. Per capita income stood at $9,148.
Discretionary income are those people whose spendable income exceeds that held by households with similar demographic features. The proportion of the US population with discretionary income has increased to nearly 64%, up from 52% in 2002.
This coupled with Black Friday and Cybe rMonday breaking all records this is an interesting time indeed.
Great economy, great news from Iraq………….What do the Dems have to bitch about other than their poor numbers in Congress.
Reactions
Got something to say?
You must be logged in to post a comment.