While it looks like there is finally some good news… or at least some signs that the worst may be close to over; I’m still very glad that I have my own Multi-Income Stream Home Business to help make up for what’s still a very gloomy economy.

On Monday, March 2, the Commerce Department reported that consumer spending rose more than expected in January after declining for a record six consecutive months. Consumer spending rose 0.6%, better than the 0.4% gain that economists expected. Consumer spending fell 1% in December 2008, after a 0.8% decline in November 2008.

Also on Monday, the Commerce Department reported total construction spending fell 3.3% in January, more than the 1.5% decline economists had expected. It was the fourth consecutive monthly decrease. Construction spending fell 1.4% in December.

On Tuesday, the National Association of Realtors reported that its pending home sales index, a forward-looking indicator based on signed contracts, fell 7.7% to 80.4 in January.

The Institute for Supply Management reported the monthly index of manufacturing activity rose in February to 35.8 from January’s 35.6. Economists had expected a reading of 33.8. Figures below 50 indicate contraction, making February the 13th straight monthly decline in manufacturing.

On Thursday, the Labor Department said that productivity fell at an annual rate of 0.4% in the fourth quarter of 2008. That’s down from the 1.3% increase in the third quarter and 3.6% growth rate in the second quarter.

The Commerce Department reported factory orders declined by 1.9% in January. It was a record sixth straight drop but much less steep than the revised upward 4.9% in December and the revised upward 6.5% in November.

The personal savings rate rose to 5% in January, a 14-year high. But that was bad news for U.S. auto makers. At Ford sales fell 48.2% in February. Chrysler saw a 44% drop in sales in the month of February. And GM reported vehicle sales decreased 52.9% in February.

Upcoming on the economic calendar are reports on wholesale trade on March 10 and retail sales on March 12.

It’s really easy these days to get caught up in all the bad economic news that’s out there.  I know, I used to be in one of those jobs that was very effected by economic trends and government spending… I was a government contractor.

Now, I run my own home business from home and don’t worry too much about what the economy does.  Right now, I’m growing where most are declining. 

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Wes Waddell

www.SpidersMarketingWeb.com – Your FREE Multi-Income Stream Home Business Video Training Site.

Those of us with our own multi-income streams home business are actually doing quite well in this economy, but for those of you that don’t yet stablize your income with a home business…

On Tuesday, February 24, the Conference Board reported that its consumer confidence index fell 12.4 points to 25 in February. Economists had expected the index to decrease to 35.5. In February 2008, the index was at 76.4. The index was benchmarked at 100 in 1985, a year chosen because it was neither a peak nor a trough in consumer confidence.

The Standard & Poor’s/Case-Shiller 20-city housing price index dropped a record 18.5% from December 2007 to December 2008. Since August 2006, the 20-city index has declined every month.

On Wednesday, the National Association of Realtors said existing home sales fell 5.3% in January to a seasonally adjusted annual rate of 4.49 million, from 4.74 million in December. Economists had expected an annualized rate of 4.79 million homes.

Orders for durable goods fell for a record sixth consecutive month in January. The Commerce Department said orders dropped by 5.2%, more than twice as much as forecast.

The Commerce Department said Thursday that new home sales fell 10.2% in January to a seasonally adjusted annual rate of 309,000. It was the slowest monthly pace since recordkeeping began in 1963.

The Labor Department said initial claims for unemployment benefits rose to 667,000 from the previous week’s figure of 631,000. The number of people continuing to claim jobless benefits increased by 114,000 to 5.11 million in the week ended February 14.

Upcoming on the economic calendar are reports on construction spending on March 2, pending home sales on March 3 and factory orders on March 5.

It seems that all there is out their these days is bad news… and now, the Obama government wants to make a return to the days of even more government!  All I can say is that I’m sure glad that I have my own multi-income stream home business to get me through these rough seas.

You can start your own home business for FREE, complete with real multi-income streams from fortune 500 rated companies.

HOW?

Check it out at: www.SpidersMarketingWeb.com

Your FREE Multi-Income Stream Home Business.

Wes Waddell

www.SpidersMarketingWeb.com

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