05 October 2012

It's Beginning to Look Like Recovery

Home prices were up 4.6% in August, "the largest year-over-year gain in six years."

Automobile sales in September are up 11% from last year.

Unemployment is down from 9% a year ago to 7.8%.

The S&P 500 is up 29% from a year ago.

All of which may explain why consumer confidence is at a four year high in spite of a fairly lackluster GDP growth of 1.3 in the April-June quarter.

But of course it might all just be a conspiracy.

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