Monday, July 27, 2015

It is also summer time and Americans are having more confidence in taking a vacation.

Vacations are important, especially with children. They have their parents all to themselves and parents have the attention of their youngsters. It makes for more than great pictures, it is very valuable bonding that carries into the home and school environment.

I heard some talk about the $15.00 minimum wage and the fact it would ONLY bring Americans to the top of the poverty line but remaining within that definition. That is a good thing. By today's standards most people are working more than one job and their confidence in earning enough for savings and looking toward the purchase of a home is extremely valuable, adds confidence to the housing market and provides hope for the future.

The fact that people will be moving out of the perils of abject poverty is extremely wonderful. And for the treasuries of states and the federal government; supplemental programs like food stamps have graduated participation. The people with extremely little income receive more food stamps than those at the top of the poverty line. This upward movement will result in better outcomes for state and federal treasuries. Absolutely.

And don't forget, health insurance now helps carry the financial burden for American families. So, health is important and the fact bankruptcies will decrease is great news for the American economy. 

"I'm goin' ta Disney World." 

July 28, 2015

WASHINGTON (AP) 
" Orders to U.S. factories for big-ticket manufactured goods (click here) posted a sizable gain in June, reflecting a surge in demand for commercial aircraft. Meanwhile, a key category that reflects business investment rebounded after two months of declines.

Orders for durable goods jumped 3.4 percent in June from May, when orders had fallen 2.1 percent, the Commerce Department reported Monday. The gain was the best result since March.

A category viewed as a proxy for business investment plans increased 0.9 percent, then best showing since a 1.6 percent rise in March. This category had declined in April and May and had been weak for a number of months. Some economists are hopeful that manufacturing will show stronger gains in coming months as consumers boost spending.

U.S. manufacturers have struggled this year from the effects of a strong dollar and a plunge in energy prices. The higher value of the dollar against foreign currencies makes U.S. goods more expensive and less competitive in major export markets. The big drop in oil prices has led energy companies to cut investment plans....