Federal Reserve Sees Economic Improvement and Some Jobs
Dec
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Written by:
12/2/2009 3:45 PM
Federal Reserve Sees Economic Improvement and Some Jobs
Late year reports from the 12 different regions of the Federal Reserve saw improvement in consumer spending and manufacturing according to a report released today. This is the best report since the recession began as 8 regions reported an increase in economic activity. Can this recovery continue after the First Home Buyer Tax Credit expires next April, more than likely it can.
Jobs Improvement
The Fed plans to keep rates were they are as inflation, even in recent reporting, has not increased. And maybe the best news of all is job improvements in the Boston area and the service sector in St. Louis. Even with the two regions of job growth, the board doesn’t expect the unemployment rate (10.2%) to move downward until the middle of 2010.
S&P 500 Proshares
I still feel the best way to play the economic recovery is purchase Ultra S&P 500 Proshares ETF (SSO). There are other ETFs that you could also add to a portfolio but I tend to the use the double return S & P 500. It has fluctuated between $37 and $38 a share for the past month but should run if it breaks above $38.
© 2009 FastSwings.com
15 comment(s) so far...
Re: Federal Reserve Sees Economic Improvement and Some Jobs
If the expectation of the Fed regarding the improvement in the financial position worldwide and there are adequate job availability, most of our problems will resolve soon. Overall, various measures are taken up by the governments of different countries to support economic growth and expansion. Rest of the picture depends on the pending data releases of November.
By Forex on
12/3/2009 7:39 AM
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Re: Federal Reserve Sees Economic Improvement and Some Jobs
The jobs number today was really good and the SSO broke above the $38 level you mentioned. Hopefully a new leg of the rally has begun.
By Blockbuster Trials on
12/4/2009 11:09 PM
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Re: Federal Reserve Sees Economic Improvement and Some Jobs
I think it will take some more time for market to become normal as it was before recession
By lewis on
12/6/2009 12:19 AM
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Re: Federal Reserve Sees Economic Improvement and Some Jobs
This is good news to see. Earlier in the year, people were acting like the world was coming to an end and we saw a huge surge in life insurance policies. Big names like Goldman and Pimco still have overseas bias in '10. Thanks,
TM
By TermMonster Term Life Insurance on
12/10/2009 3:51 AM
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Re: Federal Reserve Sees Economic Improvement and Some Jobs
I didn't realize that life insurance policies have risen. Does seem to be a natural correlation.
By Steve on
12/10/2009 9:30 AM
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Re: Federal Reserve Sees Economic Improvement and Some Jobs
Jobs that were created due to the improvement of technology? and Also, how has improvements in technology led to improvement in the workplace. what do you say?
By beach wedding dresses on
12/14/2009 5:59 AM
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Re: Federal Reserve Sees Economic Improvement and Some Jobs
The Federal Reserve doesn't specify the use of technology with the new jobs.
By Steve on
12/14/2009 9:42 AM
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Re: Federal Reserve Sees Economic Improvement and Some Jobs
The federal should create job opportunities in all parts of life including IT , science, Commerce etc. Only then goals can be achieved.
By business crm on
12/17/2009 12:33 PM
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Re: Federal Reserve Sees Economic Improvement and Some Jobs
Those economic improvements are minimal. We need a lot of work.
By dan on
12/28/2009 4:41 PM
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Re: Federal Reserve Sees Economic Improvement and Some Jobs
The Federal Reserve doesn't specify the use of technology with the new jobs.
By 3arabsoft on
12/29/2009 1:37 AM
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Re: Federal Reserve Sees Economic Improvement and Some Jobs
Jobs are still few and far between, even as the economy starts to accelerate. I gues we will will have to look to the job sites tosee a surge of job postings.
By David on
3/2/2010 4:42 PM
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Mr
I think it will take some more time for market to become normal as it was before recession
By iphone Library App on
8/5/2010 8:29 AM
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Re: Federal Reserve Sees Economic Improvement and Some Jobs
I very much agree with dan.There should be lot of work to be carried out to better economical growth.
By Plasma Cutters on
10/3/2010 2:25 PM
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shi
I think it will take some more time for market to become normal as it was before recession
By uk dress on
10/29/2010 11:21 PM
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Re: Federal Reserve Sees Economic Improvement and Some Jobs
this recession in our nation has shook up every foundation
By single moms on
12/24/2010 9:22 AM
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