"This economy is going to come on," Bush said Friday. "I'm confident it will."
Hmmm. Presidential Spin or true?
..the stock market is up — almost 11 percent in the last few weeks. Junk bonds, those risky corporate IOUs, are rallying. The value of financial shares, bank loans, tricky credit derivatives — up, up, up. Many on Wall Street, the epicenter of the credit mess, seems to think that the worst is over. For the first time in months, analysts and executives sound upbeat again. Many of them see a broad, sustained recovery in both the economy and the financial markets coming in second half of this year, a prediction some market strategists call hopeful at best.
From the AP-The Dow Jones industrials cross 13,000 as dollar soars and optimism rises about economy...jobless rate falls.
From Realty Times-Resales were actually UP in large parts of the country -- sales in the Northeast states, for example, jumped by 2.3 percent, and in the Western states they were up by 2.2 percent...Condominiums, which saw a 3.6 percent jump in sales. That was on top of a 3.7 percent increase the month before. Home prices.
From The Office of Federal Housing Enterprise Oversight- reported a six tenths of a percent GAIN in average home values.
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