Monday, April 30, 2007

The Tale of Two Economies

I am so confused. Which one is it? I stole this from my political science professor's blog. I have not been in his class since 1994, but he still makes me think. April 26, 2007 National Review Online Things Are Good [Larry Kudlow] It was truly an historic day on Wall Street yesterday as the Dow Jones Index rocketed to a record-breaking, first-ever, 13,000 close with a dramatic 136-point surge. And the best part is that the gains extend beyond the Dow. Stocks surged across the board with a 15-point gain by the S&P 500 and a 23-point gain in the Nasdaq. Record closings galore for transports, utilities, and the Wilshire 5000. The S&P 500 is nipping at the bit, just 30 points away from achieving its all-time high. Meanwhile, both the S&P 400 midcap index and the S&P 600 small cap index hit all-time highs. The New York Stock Exchange index is at an all time high, while stock-indexes in Germany, the UK, France and Italy are all approaching their own all time highs. If I may, permit me to once again call this what it is—the greatest story never told. We are in the midst of the longest uninterrupted bull market run in memory. We have record low tax rates on capital, a benign inflation rate, and recent economic releases suggesting the Goldilocks soft landing scenario remains very much in place. But in the end, it all boils down to two simple things—two stock market locomotives that have created enormous, still untapped, value in equities. Viewers have heard talk about them night after night: High earnings, low interest rates. Mark my words, it ain't over yet. Will George W. Bush ever get any credit for this? --- OR ---- Friday, April 27, 2007 New York Times Economic Growth Slows to Weakest Pace in 4 Years

16 comments:

Lone Ranger said...

No.

If there were not a Republican in the White House, Democrats would be dancing in the streets like Arabs on 9/11. But so long as we have a Republican president, what's good for the country is bad for Democrats. It is proof positive that all they care about is power. Were they true patriots, they would celebrate right along with everyone else at the success of our economy. The stock market has gone up about 55 hundred points since the war started. And they are ignoring it.

Tonto said...

can you think of anything worse for the dems going into a presidential election???...a good economy...EEK!

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