Saturday, June 6, 2009
I come from a Cool Place
Ferris Buellers Home is on the market in my home town...Highland Park Illinois. I used to ride my bike down Beech Street all the time. Actually the RISKY Business house is also on that street. Here is the link for those who have a couple million in their pocket. I will gladly refer a top Keller Williams Agent in that area. http://www.trulia.com/property/1080097629-370-Beech-St-Highland-Park-IL-60035
Texas is Helping with the Recession!!!!
Five States That Will Lead U.S. Out of Recession
Posted By:Cindy Perman
If you’re not prepared to go to Australia to ride out the recovery, great news! A new report shows the five U.S. states poised to lead the nation out of recession.
Photo by: Geoff Parsons
A bridge to somewhere ...
You might want to get out your hiking boots and trail mix because most of the states are out in the northwest: Colorado, Idaho, Texas, Oregon,and Washington.
Those are the states where job growth is expected to sprout first — in the fourth quarter of this year — according to Moody’s Economy.com, which conducted the survey.
The criteria for the survey included the labor market, income, credit quality/banking, real estate and consumer spending. Moody's conducts a regional employment forecast as well as an "adversity index" to gauge the status of state economies.
In the case of the northwestern states, the reason they got picked is because of their high concentration of high-tech companies, Moody's economist Andrew Gledhill said. Analysts expect a pick-up in tech spending as the recession gets going.
"[W]e feel that pent-up demand for high-tech equipment that has been furthered in part by the financial crisis could benefit states with these kinds of links," Gledhill said.
As for Texas, it was the oil industry: The strength of the industry made the lone-star state one of the last states to join the recession, and therefore will make it among the first out.
Housing was another factor: All five states had better-than-average household credit, which left them in shallower holes than other states, like, say, California.
Don't worry, California. You'll be back.
Posted By:Cindy Perman
If you’re not prepared to go to Australia to ride out the recovery, great news! A new report shows the five U.S. states poised to lead the nation out of recession.
Photo by: Geoff Parsons
A bridge to somewhere ...
You might want to get out your hiking boots and trail mix because most of the states are out in the northwest: Colorado, Idaho, Texas, Oregon,and Washington.
Those are the states where job growth is expected to sprout first — in the fourth quarter of this year — according to Moody’s Economy.com, which conducted the survey.
The criteria for the survey included the labor market, income, credit quality/banking, real estate and consumer spending. Moody's conducts a regional employment forecast as well as an "adversity index" to gauge the status of state economies.
In the case of the northwestern states, the reason they got picked is because of their high concentration of high-tech companies, Moody's economist Andrew Gledhill said. Analysts expect a pick-up in tech spending as the recession gets going.
"[W]e feel that pent-up demand for high-tech equipment that has been furthered in part by the financial crisis could benefit states with these kinds of links," Gledhill said.
As for Texas, it was the oil industry: The strength of the industry made the lone-star state one of the last states to join the recession, and therefore will make it among the first out.
Housing was another factor: All five states had better-than-average household credit, which left them in shallower holes than other states, like, say, California.
Don't worry, California. You'll be back.
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