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Friday, January 20, 2012

The economy is off to a fast start in 2012

"There's no doubt that the economy is getting better; we just shouldn't get carried away," Mark Vitner, an economist at Wells Fargo, said. "We haven't shifted into a higher gear." 
Adding to the optimism for our economy:

  • Applications for unemployment benefits near a four-year low.
  • Inflation remains low
  • Business travel is up 
  • The housing market is showing slight gains after three dismal years.
  • Companies are hiring more
  • Consumer confidence is up
  • More people are buying cars 
  • Factories are making more goods
  • Bank lending is on the rise

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