How Healthy Is Our Year-End?
The dollar is at a 15-month low, but gold is at an all-time high. Unemployment is at a high 10.2%, but the same companies not hiring workers show higher productivity. Earnings estimates remain low, but the market climbs above 10000. U.S. factory orders increased for the fifth straight month as well, and a survey of executives showed that manufacturing expanded at its fastest pace since 2006.
What can we expect next? Is our economy healthy yet?
Some economists presume interest rates will remain low for the next year and indicate inflation won’t rear it’s ugly head until several quarters after the unemployment numbers peak.
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