In the past seven day the positive signs have continued to roll in that that the U.S. economy is not only not heading into another recession, but it is also taking solid steps toward a recovery.
Positive data from housing, jobless claims, industrial production and consumer spending show upward trends that are as warming as the unseasonal November weather.
As one columnist said, the economy is moving out of the intensive care unit and into the recovery room. The only thing that's lagging is consumer confidence which is stranglely in opposition to
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Years of delayed purchasing have finally
given way to renewed consumer spening
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the actions of consumers who are starting to spend more.
After years of restraint, pent-up consumer demands are giving way. Putting off taking care of that aged car, broken appliance and the house that has just gotten too small can only go on so long. However, people still feel vulnerable even as they are opening their wallets.
See below the progression of stories that have come out the past week chronicling that we are starting to come back. It's about time.
Housing sector getting strong enough to move out of ICU to the recovery room: Housing starts show signs of life in Oct. http://bit.ly/w219ag
Jobless claims fall to lowest level since April, marking a slow, but steady decline in joblessness bit.ly/tTTHKk
Home-builder index hits best level in 17 months bit.ly/tXzEWb
Industrial production still expanding--rises 0.7% in October bit.ly/uLr645
U.S. Will Remain a Nation of Homeowners, here's why... bit.ly/rS8vJR
More signs of an improving economy: Americans boost retail spending in October while wholesale prices drop bit.ly/uFQyI4
Housing to gradually improve in 2012, NAR economist says, but mortgage rates will rise, too bit.ly/vclnMR
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