Justin Lahart, writer for the WSJ wrote the article, ‘U.S. Consumer Rebound on More-Solid Foundations’. He outlines how the steadily improving housing market will keep the national economy from buckling.
He discusses economic issues abroad, corporate profits tied to same, corporate confidence, jobs, the Case-Shiller 20 City home-price index (which T&C BLOGGED about earlier this week) .. the bottom line.. when home values improve, so betters consumer spending.. the single most important component to our overall economic recovery.
Thank you Justin!