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Bev-enomics!

Beverly blogs about economics

Important Economic Signs

The American economy is slowing. According to the U.S. Department of Commerce, the economy grew only 1.3% in the first quarter. The slowest pace in four years.

The dollar is still falling. The dollar hit its lowest level against all other major currencies since the Federal Reserve began keeping records in 1971.

Inflation is rising. In March, the cost for importing consumer goods was the highest it’s been in 11 yers.

The housing market is in a depression. Home prices are falling in every part of the country. The supply of homes on the market 17% higher than a year ago. Foreclosures recently surged 47%.

Foreign markets are blowing past the U.S. market. While the Dow is up about 20% in the last 16 months, the Shanghai Composite Index skyrocketed almost 200%.

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