Mixed recovery signs


Currently there are some mixed signs for our economic recovery. What do you think? Would love to hear your thoughts!

POSITIVE SIGNS:

-Economy is no longer slowing down

-Consumer spending and the housing market are looking a little better, especially after this Black Friday

-The economy is self-sustaining and has to kick into gear by end of 2011 (granted there are no security risks and major policy changes)

-Corporate profits have recovered and many are showing strong earnings reports. Cost cutting has proven positive for profit margins as well as over-seas sales

-Manufacturing has picked up

SIGNS OF RISK:

-Unemployment rate is not reducing due to the slow growth in the economy

-Policy decisions

-Expiring tax cuts cause uncertainty. If they are not extended we will have over $200 billion in tax increases to deal with next year

-The uncertainty of the above is halting hiring for many businesses as it will mean increased payroll taxes

-Economic problems abroad (i.e. Ireland bailout)

Find out if the market has stabilized in your neighborhood: www.homevaluesinyourarea.info

And thank you for making me your Orange County Real Estate Specialist!

Best Regards,

Michael Caruso, Broker ABR ABRM CLHMS CRB CRS GRI GREEN

Past President, Orange County Assoc. of Realtors

www.michaelcarusorealestate.com

949-753-7900

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