Economy's Looking Up for Now as Double-Dip Fears Ease

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Real Estate Broker/Owner with RE/MAX Preferred Associates

Economy's Looking Up for Now as Double-Dip Fears Ease

A steady flow of not-entirely-terrible economic news has eased worries of a renewed recession and shifted the political spotlight from the Federal Reserve to the White House.

"The August data we've been getting has been encouraging. ... It's very likely that the economy continues to move forward in the coming months," said economist Bruce Kasman of J.P. Morgan.

The economic news increasingly has a bipolar cast to it. One day, a downward revision to the second-quarter growth rate makes a double-dip recession look like a real threat. The next, a drop in first-time jobless claims suggests that the wounded U.S. economy may muddle through after all.

"The economy is having a slow and halting recovery, because that's the nature of recessions triggered by financial crises," says Rob Shapiro, chairman of consulting firm Sonecon in Washington, D.C.

20 hours ago

Economy's looking up for now as double-dip fears ease - USATODAY.com usatoday.com

A steady flow of not-terrible economic news has eased worries of renewed recession and shifted the political spotlight to the White House.

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Ambassador
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Harry F. D'Elia
Precision Real Estate Inc. - Phoenix, AZ
Investor , Mentor, CSSN, Radio Coach, REOs, ABR

Yes, we have to beware of the economic news. However, I just keep calling and closing deals pressing forward.

Sep 09, 2010 08:04 AM #1
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Adam R. Cohn
Primary Residential Mortgage, Inc. - Boca Raton, FL
We actually get mortgages closed FAST!

Forget the news, one days the world looks good the next its going down the tubes.  Just keep closing.  I turn the news off!

Sep 09, 2010 08:05 AM #2
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Manuel Monserrate
Raleigh, NC

I think the news media today is based on jumping as fast and as hard as you can on any little piece of information that comes out, hoping to get 15 minutes out of it and then moving on to the next little nugget of information that might exist.  It's sad to see it though.  Nowadays, it's much more important to be able to have a bigger picture and to stay focused on the trends, without really paying much attention to the details, if you will.

Sep 14, 2010 10:15 AM #3
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Grayson Hodge

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