Friday, September 24, 2004

Economy will improve despite negatives

Consumer Warrior Clark Howard shared these comments recently on his radio show:

Corporate earnings are not looking as good as they did in the first quarter of the year, and consumer confidence has declined. But Clark still has good news for you. Many things are setting the groundwork for a very strong economy in the future. First of all, inflation is much lower than expected. For the most recent month, inflation was one-tenth of one percent, which is almost nil. Over the year, it’s only 2.7 percent higher. So, interest rates are not going to be as high as expected. Having low interest rates is like setting the table for a job improvement and more strength in the economy next year.

1 comment:

OHenry said...

Communities lost something valuable when they ceased seeking counsel from the elders on matters of import. Elders are more experienced and presumably wiser. Having made decisions at numerous crosroads, I am still around to pass on my two cents worth. Keep on learning is paramount as is seeking out new ideas like visiting your blog. Developing an appreciation for actuality, efficiency and mindfulness will eventually lead to peace of mind. Assisting others to find their own minds and helping them to see some of the forest through the trees is also most rewarding. discernment