Redstate

By Wubbies World Posted in Economy — Comments (1) / Email this page » / Leave a comment »

This past week, the economic numbers have come out. The staccato drum beet of doom and that we are in a recession has been non stop in the news. Blackhedd, put out a post to let us all know that the situation is still not good. I love reading his posts. It gives me a perspective I would not have otherwise. I appreciate him posting this economic information here. It is very good stuff to know for us uneducated about economics and Wall Street matters.

Earlier this week, I had posted about the economic growth numbers. We are still not in a recession. The economy grew by 0.6%. The economy is still not in good shape, as attested to by Blackhedd. Things may be bad, but we are still not in a recession!

The Democrats and the MSM have been beating the "economic doom" drum for awhile now. Basically, what it means is that the worse the economic news, the better their chances are at the ballot box, and they know it. How sad is that, that a political party wishes economic doom on the very people they say they care about, simply because they want to do well in an election. However, though they never admit it publicly, it is still a true statement. What does that say about how much they care about the little guy?

Well now another couple of shoes have dropped into their perfect plans for electoral success. The jobless numbers have come out, and the unemployment numbers fell from 5.1% unemployment, too 5.0%. It is a small drop, but a drop none the less. The economy is healing and making it's way back.

The next shoe that dropped deals with the strength of the dollar. I do not understand this fully , and I would love to see a Blackhedd post on this, but on the surface it looks good. It seem that the markets are anticipating a strengthening dollar. Its valuation is slowly making a come back. It seems to have bottomed out anyway. The Euro has also stopped it bullish rally too.

This is all very good news since the oil market is pegged to the dollar and its value has affected oil prices here in the US. A strengthening dollar will also translate to an easing of oil prices (hopefully).

Yes, over all the economy is not in the best of shape, but there is now a light at the end of the tunnel and it is not a train. It seems we are showing signs of pulling out of this mess. Now lets pray that Congress doesn't try to buy any more votes buy "fixing things" with legislation that will screw up the recovery.

We can only hope!