Saturday, February 18, 2012

Good News on Economy

White House predicts 2 million more jobs in 2012:

NEW YORK (CNNMoney) -- The United States economy is on the road to recovery, the White House said Friday, with stronger job growth expected this year.

But income inequality and Europe's debt crisis could still pose challenges, according to a report released by President Obama's Council of Economic Advisers.

"While actions taken to prevent a deeper recession and to strengthen the recovery have made a difference, the nation is still recovering from that profound crisis and the problems that led to it," the Economic Report of the President said.

http://money.cnn.com/2012/02/17/news/economy/obama_job_creation/index.htm

Dow at highest point since 2008:

NEW YORK (CNNMoney) -- U.S. stocks capped off a solid week on either side of the break even line Friday, as investors hesitated to make big bets ahead of a key vote on a second bailout for Greece.

Investors are optimistic that European finance ministers will sign off on Greece's latest economic reform proposal when they meet Monday. Their approval is needed in order for Greece to receive bailout funds and avoid default on a €14.5 billion bond redemption in March.

http://money.cnn.com/2012/02/17/markets/stocks/?npt=NP1

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