Sunday, December 18, 2005
Bring On the Bull
2006 will be a return to bull markets in the US, and a strong economy. Unemployment has been creeping down all year, and will probably level off at 4.9% which is where it was before the hurricanes this summer. The new jobs aren't lesser paying ones that some people have said they are. The average hourly wage has gone up 3.2% this year. Higher pay, coupled with gas prices around $2.20 a gallon have fueled consumer and industrial spending that is expected to keep its pace through out the year.
¶ 8:47 PM 
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Your statistics are very interesting. I think the mass media makes it look like America is headed for the worse, but at the begining of a new year i see a new era for the United States. With the economy on the rise more money can be spent on education and development of new technologies that will help boost our economy farther in the long run. With fuel efficency on the rise because of hybrid Japanese cars the US is on the verge of being fuel dependant. The US produces 48% of its own oil and much less from the Middle East. Once we drop imported oil from the Middle East oil prices will plumet allowing a huge boost in our economy. I think that the US is on the verge of a positive position in the world.
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