As I indulge my morning ritual of coffee and news I’m looking for signs of life in our economy and it’s becoming increasingly rare to find it. Even with an amazing rally in the stock market yesterday, analysts are expecting more bad news when the market opens today.
The latest consumer spending report has just been released and looks pretty grim. It seems that consumers are continuing to tighten their spending.
I did run across a glimmer of good news yesterday in real estate. An article at TheStreet.com states that resale homes in Las Vegas have more then doubled since last year. At first I was stunned at hearing this but after reading the details it actually makes sense. With the increase in foreclosures and the drop in home prices, the resale homes market is on the rise.
As the pseunami of bad news continues to come in, I’m doing what most people are doing. Cutting my expenses wherever possible and saving what I can to get through these tough times.
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