Bank of America is repaying its bailout loan. CBS is declaring a dividend after tripling in price since last May. Online sales are better than last year. GM is selling cars; Ford is selling cars; Hyundai is selling more cars than they know what to do with.
If spending is something that determines the success of a country, then it looks as if our country is downright successful.
But there’s still deflation. Wages are dropping. People are being rehired at lower wages than before. Prices are dropping at the retail level in a lot of stores and restaurants. Should we worry? Well, would you rather have a little sunlight or a thick gray cloud?
America is on its way back.
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