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Showing posts from October, 2010

Good News Where You Would Least Expect It

Back here in the U.S., personal income growth accelerated to 0.5 percent in August, the largest increase this year, which helped propel a solid 0.4 percent increase in spending by individuals. The stock market completed its best September since 1939 as the Standard & Poor's 500 index rose 9 percent, the Dow rose 8 percent and the NASDAQ composite index gained 12 percent. The U.S. and global economies face daunting challenges, but the latest batch of data puts the chances of a double-dip recession further in the rearview mirror. Source: Grubb & Ellis Research