Wall Street News

Wall Street News

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Current economic conditions (GOOD NEWS!!)

Summary:

  • The U.S. deficit will be reduced to $642 billion, from $1.1 trillion last year, because of a 15 percent jump in revenue from last year with the economy’s expansion, the expiration of a payroll-tax cut, and tax rates rising for married couples earning more than $450,000.
  • The unemployment rate fell to 7.5 percent in April from 7.9 percent at the beginning of the year.
  • The stock market has reached record levels, with the Standard & Poor’s 500 Index (SPX) rising almost 16 percent this year.
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May 28, 2013

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comments

I am just curious, doesn’t the daily toll of day to day work make these numbers unpredictable? It seems that all these figures are just a wild guess of what could happen and not in fact what is happening.

Johnathan Taylor

May 29, 2013

I agree, but i personally did not make these figures up. I basically read the article and summarized it, I haven’t had the chance to do in depth research.

watchthebull

May 29, 2013

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