While this is about as close to a useless vote as there can be, at least the tone was set to what has transpired this week. War and Peace: Five years ago, the United Nations unanimously voted to outlaw nuclear terrorism. Remain concerned about the European PIGS, but from the brink of depression, it looks now as if the Democrats might not lose too many House and Senate seats this Fall.ΔΆ. Why such optimism? The Dow Jones this week ended above 11,000 for the first time in 18 months the Federal Budget Deficit for March 2010 dropped by a factor of three from a year ago the unemployment rate, which was supposed to be well above 10% through much of this year, seems to want to remain at a single digit our Gross Domestic Product is predicted to grow between 3% and 5% this year IPO's are back and doing well housing can improve, but shows signs of recovering General Motors is progressing and the less than $2/share Ford I purchased a little more than a year ago shot past $13/share today and banks are doing well, with loans now generally available. While the National Bureau of Economics last week announced it was not still sure, the UK officially declared this clearance status in January and our Department of Commerce hinted so in October last year. There will be no serious double-dip, I hope. The Economy: While most fiscal pundits remain careful, I say that we are out of our Great Recession.
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