It seems that the U.S. Housing market has bottomed out, and it would be great idea if the hard-working people are issued mortgages at lowest possible interest rates. This will help build a cushion for further recovery in the housing sector.
Bank of America and J.P. Morgan Chase have said recently that they are offering more people to keep their homes and helping first-timers get onto the property ladder.
The Indexes suggest a pick up in consumer spending, especially on fashion and teenage clothing and everyday items.
When job creation goes hand in hand with consumer confidence, so does investment into the stockmarket. Even ten-fifteen points a day with investments from the Pension and instritutional funds would take the DOW to new highs. Some predict it will be around 13,000 - but of course it has already been to 13,375 hardly five weeks ago. Stockmarket investors have to re-learn to be patient. A good stock dividend plus steady stock appreciation is the way to long-term wealth creation. High frequency churn and burn is for the people who would rather play it like the casino.
If the huge corporations and the banks take a people-friendly ideal, and create jobs with tie-in of mortgages and auto-loans, there will be a resuregence of confidence, leading to further growth in the economy.
When the economy becomes a reflection of a family with several children looking healthy and happy and hopeful, you know that it is doing OK. And that is how it should be.