FW: FOOD FOR ......ECONOMIC UPDATE

 

 

The Mortgage Advantage, Inc.

Harold Perkins & Mary Ellen Kohut

YOUR IN-HOUSE LENDING TEAM

480-831-1588/800-499-2183

 

 

 

 

U. S. Investor’s happy thoughts paid off in this busy week of positive economic reports.  Personal Consumption grew by .04 per cent in March up from the previous month (could it be from feeding our cars?), manufacturing activity continued to grow, and our exports increased.  The Gross Domestic Product, the leading indicator for “are we or are we not in a recession”, first quarter results says no, we are not in a recession, but just barely. The Fed dropped their rate as expected by .250 (Does not effect the mortgage rates!).  The employment numbers today were not good, but much better than expected, dropping the unemployment rate. (Does affect the mortgage rates and not for the better).  Across the globe our dollar strengthened and the stock market went above 13,000 for the first time since January fueled by technology and believe it or not, financial stocks.  If the economy regains momentum that will be great news for all of us involved in real estate.

 

FYI:  Warning! Soap Box ahead:  Food Prices have risen as much as 45% in some countries.  The U. S. food reserves are depleted due to our farmers making big bucks selling to the open markets, as reported by USA Today.   There have been riots in Italy because of the shortage of wheat.   In Viet Nam the rice farmers make more money shipping their grain overseas than selling to their own vendors. How can this be?  What happened?  Ethanol for one.  The alternative fuel has turned into a monster of a grain guzzler.  How can the smartest people in the world invent devices that we pay to carry around in our pockets, to listen to music or watch movies, yet we cannot invent cheap, safe alternatives for gasoline that would not include the life line for many?  Or invent food sources that will feed our planet? Do we have the technology, and choose to ignore it because certain groups would not make a profit?

 

 

 

 

 

 

 

The Mortgage Advantage, Inc

1720 E Warner Road Suite 1

Tempe, AZ  85284

Truth In Lending Promotes Trust In Lending

 

 

     

MB0015727

 

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