Nina Link's Real Estate Blog

According to a recently published article (which I have included a link to the full article below) here are some interesting points....

• Hourly wages rose in December and up from December 2007
• Real wages likely rose from a year-ago which is the fastest increase since '72
• Consumer purchasing power has increased since last year
• Decline in gas prices are saving consumers approximately $410 billion in yearly expenditures
• Initial claims for unemployment have dropped

Please take a few moments to read the entire article. It is quite interesting and certainly provides us with a different view of things to come.

Link to article: http://www.forbes.com/opinions/2009/01/12/recession-stimulus-unemployment-oped-cx_bw_0113wesburystein.html

Brian S. Wesbury is chief economist, and Robert Stein senior economist, at First Trust Advisors in Lisle, Ill. They write a weekly column for Forbes.com.

Labels: Recession is likely behind us