You Can’t Win if You Don’t Play – Fed Sees Recovery Spreading
I ran accross this article today looking for some good news to post. The headline was encouraging, Fed Sees Recovery Spreading. As I read the article though, I became less and less sure what the good news really was. According to the Federal Reserve, there are signs of economic recovery breaking out all over the place, unless of course you are looking for a job, in which case the economy is not really working in your favor and may not be for quite some time.
The Fed did decide to keep lending rates low for the foreseeable future, which sounded like good news until they went on to say that requests for borrowing were way down because of tighter credit restrictions on lending.
Consumer Spending during the holidays and Some signs of Stabilization in the manufacturing sector were enough to encourage a positive outlook from those looking to report on signs of a recovery. A closer look revealed that the good news was actually that things just stopped getting any worse, as some had feared.
There was one true bright spot however… housing demand seems to be increasing due largely to lower prices and tax incentives.
So get in on the game while you can. When a true recovery begins to show up, things will change quickly and having a leveraged asset during a period of high inflation is where you and I are most likely to start gaining some ground. Right now it’s Low Prices, Low Interest Rates, Seller Incentives and if you’re willing to roll the dice, You might just collect an $8,000 Tax Credit for passing GO!
