Has our economy recovered from 9/11?
linkI found this article very interesting. Our economy has hit an all time record since January 14, 2000. With falling gas prices, more Americans are getting money in their pockets and are investing it. In the article it contributes falling gas prices, higher engergy stocks, lower profit expectations and less retail purchesses to the rising Dow. With falling gas prices, the money saved goes into stocks, which raises stocks. On the retail side of America, with lower expectations, companies are seeking out ways to attract the retailers which means selling more for less. Has America finally gotten back on the right track after 9/11? How will the increase in our economy effect the countries we do trade with? And how will it affect the war in Iraq and Afganistan? Do you think we could do more?
posted by Anonymous @ 9/26/2006 09:58:00 PM
1 Comments:
Just because the Dow Jones closed at a percentage higher than pre-9/11 doesn't exactly mean that the economy is back on its feet. Yes, the simple facts of the closure being higher than it has been and gas being much cheaper than before are very happy. However, there are a few speculations why this doesn't foretell a rebound. With gas, the prices are lower because the summer driving season is over, the demand for gas drops, and oil companies price accordingly. Come summer, the prices will may jump up again, probably because of the higher demand in the developing economies of countries like China causing a shorter supply to US refineries. The stocks prices hopefully aren't a fluke, but ups and downs are commonly associated with the stock market.
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