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CNN's Newsroom, the anchor Betty Nguyen spoke with Money host Christine Romans about the economy. And Betty Nguyen said, "Hey, Christine! Explain this. How did we do in the first half of the year?"
ROMANS: We've seen a spring stock market rally that has been quite incredible! Job losses are slowing! Consumer confidence is improving! People are feeling a little better. They're feeling better because they're spending less. They're saving more money. They're getting back to basics. There's a new frugality that's making them feel better. There was a hu-u-uuge rally in the stock market in the second quarter. The stock market [is] telling us that it thinks things are going to get better eventually, and you're going to see that rally. If you are still invested in stocks -- if you had faith and you were buying stocks along the way this spring, you're buying them at cheap prices -- you're going to see that rally when you open up your 401(k) statement.-----Total "BS"
The truth is that families, American families have lost 20% of their wealth since January of this year...
Gloomy U.S. consumers clip housing recovery hopes:
CNN's Newsroom, the anchor Betty Nguyen spoke with Money host Christine Romans about the economy. And Betty Nguyen said, "Hey, Christine! Explain this. How did we do in the first half of the year?"
ROMANS: We've seen a spring stock market rally that has been quite incredible! Job losses are slowing! Consumer confidence is improving! People are feeling a little better. They're feeling better because they're spending less. They're saving more money. They're getting back to basics. There's a new frugality that's making them feel better. There was a hu-u-uuge rally in the stock market in the second quarter. The stock market [is] telling us that it thinks things are going to get better eventually, and you're going to see that rally. If you are still invested in stocks -- if you had faith and you were buying stocks along the way this spring, you're buying them at cheap prices -- you're going to see that rally when you open up your 401(k) statement.
The truth is that families, American families have lost 20% of their wealth since January of this year...
Gloomy U.S. consumers clip housing recovery hopes:
U.S. private sector sheds 473,000 jobs in June - Yahoo! Finance (http://finance.yahoo.com/news/US-private-sector-sheds-rb-3501392484.html?x=0&sec=topStories&pos=4&asset=&cc ode - broken link)=
CNN's Newsroom, the anchor Betty Nguyen spoke with Money host Christine Romans about the economy. And Betty Nguyen said, "Hey, Christine! Explain this. How did we do in the first half of the year?"
ROMANS: We've seen a spring stock market rally that has been quite incredible! Job losses are slowing! Consumer confidence is improving! People are feeling a little better. They're feeling better because they're spending less. They're saving more money. They're getting back to basics. There's a new frugality that's making them feel better. There was a hu-u-uuge rally in the stock market in the second quarter. The stock market [is] telling us that it thinks things are going to get better eventually, and you're going to see that rally. If you are still invested in stocks -- if you had faith and you were buying stocks along the way this spring, you're buying them at cheap prices -- you're going to see that rally when you open up your 401(k) statement.-----Total "BS"
The truth is that families, American families have lost 20% of their wealth since January of this year...
Gloomy U.S. consumers clip housing recovery hopes:
Well as this does have some semblance of a propaganda machine People are saving and I believe it is a very good thing. One viewpoint they have wrong here is for the overall economy and job creation increased savings is not a good thing.
Well as this does have some semblance of a propaganda machine People are saving and I believe it is a very good thing. One viewpoint they have wrong here is for the overall economy and job creation increased savings is not a good thing.
Increased savings is good for the people, but bad for the economy. Banks and corporations would rather you spent that money.
U.S. mortgage applications fall to 7-month low - Yahoo! Finance (http://finance.yahoo.com/news/US-mortgage-applications-fall-rb-4099573864.html?x=0&sec=topStories&pos=8&asset=&cc ode - broken link)=
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