The trend in economic numbers continues to improve and the popular theme is 4 year highs. It goes without saying that there is still a long way to go, but the signs of recovery from the Financial Armageddon are everywhere. Unemployment numbers are the best they have been in 4 years and the closely watched labor participation rate ticked up today as well. We have seen several months of the Case Shiller home price index rise in all 20 metros areas that it is tracked in and this is closer to a 6 year best when you take out the artificial inflation from the first time home buyer tax credit. Consumer Confidence is at 4 years highs too.
Now I could bore with you more data to support this, but the reason I bring these numbers to your attention is not enough people are talking about them. With the amount of political ads being shoved down our throats right it is no wonder. When the economy was on the brink of collapse, its seemed that was all the media covered. Now we have lots of positive news it seems to be an afterthought. Henry Ford said, “Whether you think you can or you think you can’t, you’re right.” Well the economic data continues to improve and the sooner that everyone realizes it, the quicker it will heal.