Americans Welcome Rising Stock Markets and Property Values
The U.S. economy is showing real signs of bouncing back from one of the worst financial crises that the country has ever seen. The stock market is soaring and home values have continued to rise over the past few months, which are helping to produce a more positive attitude for Americans that have been hit so hard.
There has been a 7% jump in the stock market since June, which is helping people regain the huge losses they had at the end of the Bush administration. Confidence in the U.S. economy has been going up, which will continue to spur growth and help increase job creation.
The Federal Reserve unleashed a bond-buying plan which will contribute to a surging stock market and keep interest rates at a very low level. This plan will also help economic growth while the worst Congress in history takes a two month break from accomplishing nothing as usual.
Many Americans still feel the pain from the housing collapse at the end of George Bush’s regime. It has taken a few years to see real growth from the housing market. In the second quarter of this year, real-estate holdings jumped 2.1%, which is the highest level in over 4 years. President Obama’s policies are starting to make a real difference in home values and surging markets.
If the U.S. stays on the same course, analysts believe that the wealth of American’s can make a complete comeback. It will take a while after most people lost over 40% of the wealth. The Obama administration continues the long push of restoring that wealth.
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