Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Businessweek Archives

More evidence of a stronger economy

? Looking ahead to 2008 |


| Bummer ?

November 10, 2004

More evidence of a stronger economy

The economy's underlying strength, which was obscured during the campaign, is becoming more obvious by the day. While weekly jobless claims rose slightly, they're still lower than analysts expected, according to CBS Marketwatch. The closely watched four-week moving average actually fell. The trade deficit is declining and oil prices have dropped to $47 a barrel. They appear to be heading lower, the winter home-heating season notwithstanding. Now we need to see whether this strength in the economy helps reduce the budget deficit. I expect it will.

It's a good start, but there's still a lot of work to be done. As concerns over the immediate problems ease, the country can move on to face the really big economic issues: social security, health care and long-term U.S. competitiveness.

09:29 AM

TrackBack URL for this entry:

blog comments powered by Disqus