Updated State of the Union Address

A detailed Summary of Updated State of the Union Address

Updated state of the U.S. Economy The United States economy is reaching higher potential then could be expected. With unemployment down and consumption up, we are looking at a very prosperous time in our economy. Economist William B. Conerly stated, in an article on unemployment, that "the nation as a whole is in a healthy state." With the stock market making a comeback to the record setting highs of this summer, this would indicate that the economy is in a prosperous state and the public as a whole is doing well.

After rising by 1.1% in September due to increases in tobacco, automobile and oil prices, the PPI (Producer Price Index) fell by .1% in October. This fall is related to the decline in the core inflation, which includes food and energy goods. This figure of the October PPI was below market expectations. Markets had predi

With all the signs of a well off economy, we must wonder how long we are going to maintain this prosperity. As we know the economy seems to follow in a cyclical pattern we can only expect that we will see a turn in the economy for the worse. Unfortunately, we can not expect unemployment to continue to fall and the stock market to continue to rise. We must face reality and relies that sooner or later we will see a recession in the U.S. economy. For now we can enjoy our economic state and reek all the benefits it has to offer, but we cannot let ourselves become to overwhelmed by today's economic condition.

Another sign of our prosperous economy is the stock market. With the Dow Jones closing last week up sixty-five points to 10,704 and the NASDAQ setting another record up 31 points to 3155. The increase in the NASDAQ is due to the IPO market incre

Some common words found in the essay are:
Dow Jones, October PPI, William Conerly, September Productivity, Price Index, Economy United, stock market, wage pressures contained, pressures contained, prosperous economy, economy doing, food energy, increase rates, wage pressures,

Approximate Word count = 578
Approximate Pages = 2 (250 words per page double spaced)

Category: Politics

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Updated State of the Union Address

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