Mortgage News:
A Change in Thinking
This week's, and all future Weekender's are going to take a tone than previous editions. What I mean is that if I just reported the economic news that came out this week, with the exception of a couple of positive economic news reports, the economic data this week just stinks.
I have come to realize with the feedback from one of my very loyal Warrior Members, (thanks Brad) that if I continue to just report the negative news as is, then the Warrior Weekender will become as demoralizing to read as watching the morning news, which I am an advocate against.
Why wake up every morning and hear about everything that is going wrong with the world when you can choose to focus on anything positive that will motivate and inspire you?
Now I am not suggesting that you live in a cave and ignore everything that is happening in the world. However what I do believe is our actions are a result of our energy, and our energy is a result of our focus. So from this day forward, the Weekender will report the weekly news occurrences, however it will also contain positive energy and information to assist us in our quest for growth and prosperity and to move through these challenging times with purpose and passion.
This week's news recap:
The U.S. economy is showing signs of stabilization however influence from the global economy is weighing on the U.S. markets. Asia and Europe markets have taken it on the chin this week over the debt crisis that is coming to bear in Portugal, Spain and Greece. In a global economy what happens elsewhere in the world must have an impact on us. The positive side is that although the U.S. stock market has also been impacted, we have witnessed movement of investment into the safe haven of government treasuries which has dropped mortgage rates approximately 1/8%.
National unemployment has dropped to 9.7% which was far better than analyst expectations of 10%. Although in recent weeks we have seen an increase in weekly first time jobless claims, the news of lower overall unemployment is a positive report that the economy sorely needs.
Finally big corporations are seeing an increase in sales growth. Up until now, the increases in corporate profits has been due to cost cutting measures. For the first time in over 2 years, companies are beginning to see increases in sales. Although most of the increase has occurred overseas, never the less, the news is positive and ultimately we will see the sales growth move over to the U.S.
Remember in the end, life is filled with choices. It is your decision to focus on positive or negative news and forces all around. Make the decision to be positive! Don't wait for positive news to happen to feel better, make your own news positive through your focus and actions.
Economic news week on tap for next week is:
