Economic Edition
- In a round of good economic news this week, General Motors pays back government loan money. Says it will turn a profit this year. The U.S. and Canadian governments still own about 70% of the company, however. On a personal note, I bought a new Chevy Traverse this year and it is an incredible vehicle. GM's financial woes do not reflect that it has a great fleet of automobiles. What people want are smarter cars. I think GM is figuring that out. It seems Ford already has because the new Taurus is amazingly smart.
- Sales of new vehicles are up 19% for the year.
- And new home sales soared 27% in March.
- And finally, 85% of companies in the S&P 500 have beat earnings expectations.
Not too shabby of a week really. Slowly but surely things are getting better.
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