ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/09/2011
Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/09/2011 list has been posted.
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Economists gave generally positive reviews to President Obama’s jobs plan Friday, with some estimating that at least 1 million jobs could be added in the next year if Congress passes the package.
The payroll tax holiday for workers and small businesses was cited specifically for having a relatively good “bang for the buck.” And that part of the plan may have the most bipartisan support.
“This additional spending capacity in the hands of consumers should continue to foster improvements in aggregate domestic demand. And ultimately, it is demand and demand alone that will lead to more business hiring,” said Russell Price, senior economist for Ameriprise Financial Services.
The good news: U.S. data are not double-dipping. The fresh, August survey of purchasing managers by the Institute for Supply Management found the service sector improved to 53.3 from 52.7 in July, a reading corresponding to U.S. Gross Domestic Product growth in the 2 percent range.
This modest good news does not explain the stock market again in free fall today, or the 10-year Treasury thumping down to 1.9 percent. To explain the newest swan dive, look to Europe, and a tale of two speeches.
Default by Greece is imminent. Again. Maybe this weekend. Maybe Europe will buy more time; maybe default will be an anticlimax, but markets today anticipate chaos.