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Our Economy Taking Baby Steps
Towards Recovery
Apr. 11, 2013 - By Staff Writer
The economy continues to improve, albeit, baby steps, last report on jobless claims indicates a sharp drop to a level lower than expected, actually, the previous week the jobless numbers rose sharply, so this drop has been well received on Wall Street.
A 4-day rally and all-time highs in the stock market should boost a bit more the distribution, manufacturing and transportation sectors, but no time to celebrate, we need to see what the consumer sentiment index will show, and there are other volatile financial and political situations around the world that can easily affect us. Nevertheless, there's still low costs of funds so a great time for companies to expand, commercial lenders are well prepared and competing for that business.