Asset values don’t have anything to do with GDP growth; but asset values do affect consumer confidence.
If you bought a house at the peak in 2006 and you’ve been getting pay cuts, then raises 0% to 3%, you’re probably not happy making your mortgage payments. But still 3% is better than 0%, or negative.[/quote]
Upward revisions are always encouraging. It looks like first time jobless claims also is continuing it’s steady march in the good direction.
On a tangential note, Marketwatch has some of the dumbest commenters I’ve seen.
