There is some good news that consumers are beginning to spend again, but how much and is it enough to heal markets and exchange traded funds (ETFs) is yet to be seen.
The rapid recovery in stock prices has consumers and U.S. companies hopeful that a “wealthy” feeling will return and Americans will once again spend, spend, spend. One economist points out that housing is still showing weakness, meaning that it could be awhile before consumers are in a real mood to shop with confidence.
Economist suggest that overall, the economy is recovering and that a bottom in housing may have already been touched.
One thing is for certain: it’s not as though Americans don’t want to shop.