The economy is recovering. More signs… U.S. Economy: Factories Drive Growth as Orders Rise (Bloomberg Business Week, March 31, 2010, by Courtney Schlisserman and Shobhana Chandra) Manufacturers are driving the U.S. economic recovery as the real estate industry struggles to recover from recession, hurting employment, reports today showed. Factory orders rose 0.6 percent in February [...]
Signs of an economic recovery . . . they’re everywhere! A sampling: Leading Economic Index in U.S. Rose 0.1% in February (Bloomberg Business Week, March 18, 2010, by Timothy R. Homan) The index of U.S. leading indicators rose 0.1 percent in February, the smallest gain in almost a year, pointing to an economy that may expand [...]
The economy. These days, kind of a loaded word. It is generally defined in the mainstream press by unemployment numbers…which are bad, to be sure, but they are also a lagging indicator, the last to improve during a recovering economy. And unemployment is beginning to turn in some states. Since my business is all about [...]
On Monday, my post noted some pretty good stuff going on around the economy, here and elsewhere. Today continues that theme and focuses on a rebound of our manufacturers. Locally, PCL Industrial Services, Inc., a multi-national heavy industrial contractor, just finished enlarging their Bakersfield plant, moving to 1500 S. Union Avenue and adding 20,000sf of [...]
I’ve reported previously that my team has experienced a marked increase in activity in 4Q09. Many of you have as well. So it appears ”the worst” is behind us. And if the first week of 2010 is any barometer, then I like 2010. Why? We opened escrow on 95,000sf /10ac and set up a closing on 6,000sf /1ac. We negotiated a buyout on [...]
Are oil prices poised to rise? It’s looking that way, according to the narrowing spreads between the cost of one-month-out crude-oil futures contracts and two-months out contracts. The Wall Street Journal reported last week in its article, “Futures Spreads Give Crude Prices a Crutch” (by Brian Raskin, October 5, 2009), that when oil supplies are [...]
