ECONOMIC INDICATORS (Explained):

The National Association of Realtors reported that its pending home sales index, a forward-looking indicator based on signed contracts, rose 8.2% in February after a revised 7.8% decrease in January. The February reading was the largest gain since October 2001. MEANS BUYERS ARE BACK, HOUSES ARE NOT DROPPING IN PRICE....THIS IS GREAT!


According to the Federal Reserve, consumer credit debt fell in February by $11.5 billion, an annual rate of 5.6%. Economists had forecast that consumer debt would rise by $500 million. Consumer credit rose in January by $10.6 billion, ending a record 11 consecutive months of decline. MEANS PEOPLE ARE NOT SPENDING AS MUCH AS THEY WERE BEFORE THIS CRISIS, WE ARE BEING MORE CONSERVATIVE...THIS IS GOOD, SLOWS THE RECOVERY BUT IS GOOD.

Sales at U.S. retail chains rose 9.1% in March. It was the largest monthly jump since recordkeeping began in 2000. Economists had anticipated a 6.3% increase. WE ARE MORE CONFIDENT, WE ARE SPENDING WHERE IT IS NEEDED...THIS IS GOOD.

Initial claims for unemployment benefits unexpectedly rose by 18,000 to 460,000 in the week ending April 3. Continuing claims for the week ending March 27 fell by 131,000 to 4.55 million..THIS IS NOT GOOD, WE STILL HAVE BIG UNEMPLOYMENT, THE ECONOMY IS GETTING STRONGER AND JOBS WILL BE BACK, UNFORTUNATELLY THEY ALWAYS TAKE A LONG TIME TO DO SO.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications for the week ending April 2 fell 11%. Purchase volume increased 0.2%. Refinancing applications fell 16.9%...MORE HOME BUYERS, THIS IS GOOD...NOT THAT MANY REFINANCING, IS OBVIOUS...THERE IS NO EQUITY!

The Commerce Department said wholesalers increased their inventories by 0.6% in February following a revised 0.1% rise in January. Sales at the wholesale level rose 0.8% in February, marking the 11th straight monthly gain..THIS IS GOOD, IT SHOWS CONFIDENCE IN THE ECONOMY...THIS IS ALL WE NEED TO BRING IT BACK!


WE ARE THE WORLD....WE ARE THE CHILDREN....LA LA LA LA LA