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Home Front Economy
Dow notches yet another record
2006-10-27
NEW YORK, NY, United States (UPI) -- The Dow Jones industrial average posted its 13th record close in 18 sessions Thursday, finishing at 12,163.66. The Dow closed up 28.98 or 0.24 percent as 2.7 billion shares traded hands on the New York Stock Exchange. The Nasdaq composite rose 22.51 or 0.96 percent to 2,379.10, and the Standard & Poor`s 500 gained 6.86 or 0.5 percent to 1,389.08.

The 10-year note rose 11/32, trimming its yield to 4.72 percent. The dollar fell, hitting 118.395 yen from 119.02 as the euro rose to $1.2693 from $1.2610.
People simply aren't going to vote out a party when the economy is good. They just need to know that the economy is good.
Posted by:Steve White

#2  Housing "starts" are off almost 30% in Colorado Springs, but there are more houses on the market than ever before. Houses last year were seldom on the market for more than two weeks. This year, the average is over five weeks (still pretty good - in 1993, a "downturn" year, houses were on the market an average of seven MONTHS). Housing prices are holding steady. With a total of 14,000 additional military personnel supposed to move into the area within the next four years, I don't see a great slump in the housing market, even with the amount of overbuilding that has occurred.

Stock prices are up, interest rates are holding steady, gross income is up, taxes are down, take-home pay is up, employment is up, unemployment is down, 4.1 million new jobs since 2001 - lots of good economic news that the lamestream media has deliberately "missed". If it really is "the economy, stupid", the Donks should LOSE 30 seats.
Posted by: Old Patriot   2006-10-27 23:28  

#1  Stock markets are up, but house sales are down. How secure do people feel about their jobs? And does the economy trump the War on Terror, which we've been reminded of repeatedly lately -- the 9/11 remembrances, the 10-airplane hijack plot out of London, both Democrat and Republican party campaign ads?
Posted by: trailing wife   2006-10-27 09:43  

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