Further good sign on US recovery....
US posts widest budget surplus since 2008
WASHINGTON — The United States posted the widest monthly budget surplus in more than five years in June, as spending plunged 47 per cent and a stronger economy lifted tax receipts, the Treasury Department said.
Receipts exceeded outlays by US$116.5 billion (S$147 billion) last month, the biggest surplus since April 2008, compared with a US$59.7 billion deficit in June last year. The result exceeded the median US$115 billion estimate in a Bloomberg survey of 21 economists.
http://www.todayonline.com/business/us-p...rplus-2008
wow good news
market chiong ahhhh ^^ $$$
Good sign on US recovery = tapering = bad news for investors?
Will we get a SS? (September Shock)
(12-07-2013, 12:34 PM)TheMillennium Wrote: [ -> ]Good sign on US recovery = tapering = bad news for investors?
Will we get a SS? (September Shock)
Don't know, but I hope there is
Healthy economy + Low stock prices = very good news for investors
Two more news updates to indicate an US recovery...
Factory, jobs data offer bright signs for US economy
WASHINGON — New claims for jobless benefits fell last week and factory activity picked up in the Mid-Atlantic region early this month, signs of a stronger economy that could help push the United States Federal Reserve to ease its monetary stimulus.
Yesterday’s data bolsters the view that economic growth in the US could pick up after a dismal first half of the year in which consumers were smacked by tax hikes and deep cuts in the federal budget.
http://www.todayonline.com/business/fact...us-economy
Moody’s raises US outlook to stable, affirms Aaa rating
WASHINGTON — Moody’s Investors Service yesterday raised its United States sovereign outlook to stable from negative and affirmed its top Aaa rating for the country, noting the resilience of the economy.
Growth in the economy, “while moderate”, is proceeding even as the US has enacted tax increases and spending reductions, Moody’s, the world’s second-biggest credit rater, said.
http://www.todayonline.com/world/america...aaa-rating
As you have all heard over the few years many experts have on one hand criticized the Fed and their easy stimulus policy as being part of the problem of creating bubbles but at the same time benefiting from it from investments in stocks and commodities.
So when the fed one day starts tightening screws on interest rates that will impact these inflationary assets will these same people now praise the Fed when they are staring down at massive losses on their portfolios?