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Jun 29, 2004 -- Positive trends going on in the economy

There are many positive things going on with the economy today. First of all, after nothing but bad news on the oil front for months, oil at wholesale and gasoline at retail are both going the way of the consumer. Gas prices peaked around Memorial Day, as they normally do, and now they’re trending downward. It’s unknown whether it will last or if it’s a very temporary thing. Regardless, consumers have more money to spend on other things right now. And we definitely are spending. In fact, spending has increased higher than the rate of inflation, which ultimately affects what happens with our country economically. It creates momentum that helps the economy grow moving forward. Eventually, employers will have to do more hiring and consumers will reach a point of equilibrium, where they feel more confident about the economy. Clark would like you to use this time of optimism to wipe out some of your debts. Also, if you’re in a job you dislike, you have a better chance to find one you like or even love. One in four people say jobs are “hard to get” right now, while one in five say “jobs are plentiful.” That is a huge improvement and it’s only going to get better.

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