Factory orders jumped by 3.4% in February, the most in more than a year.
This good news has caused stocks to rally which is a move in the right direction.
Crude oil has fallen again by $1.19 a barrel to $52.79, and perhaps this will keep gasoline prices from climbing as they have been recently.
New home sales are also up by 4.7%.
President Obama had this to say about our economy,
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"We will recover from this recession, but it will take time, it will take patience, and it will take an understanding that when we all work together; when each of us looks beyond our own short-term interests to the wider set of obligations we have to each other -- that's when we succeed,"
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These are all great indicators, but the question is, will the gains we are seeing now keep up, or is this just a false predictor?
03-25-2009, 01:51 PM
Factory orders rebounding.
Linear Mode
