Global financial drama this May followed the news of a pending bailout package for Greece which sent Bonds lower, as investors pulled out of this “safe haven” and started looking toward stocks, and an equal amount of drama was created when a market freefall scare occurred, during which the Dow plummeted 998 points then recouped more than 600 points—all in the span of 15 minutes. This mysterious event, characterized as a “near-panic”, may have been caused in part by a wave of electronically submitted sell orders being executed at a mind-boggling pace.
Counteracting some of the international angst last week was some positive domestic data and increasing sentiment that the US economy is improving. According to the Labor Department, 290,000 jobs were created in April, well ahead of estimates for 187,000 new job creations. The increase was the biggest rise since March 2006. Overall, non-farm payroll employment has expanded by 573,000 since December, with the vast majority of the growth occurring during the last two months. Overall, the economy is showing signs of a recovery. But it’s still important to save, spend, and budget wisely.
For more information, contact Dennis Sullivan: Office (410) 750-2167, www.DennisSullivan.org.
Southern Trust Mortgage, LLC is proud to be an Equal Opportunity Lender licensed in SC, MD, DE, GA, WV, DC, L-105905, 5104, 165679, 7342, S-5, 169, MLB-3545. Southern Trust operates as a subsidiary of Middleburg Bank in VA, NC, and PA (FDIC #6881).
Mid-Atlantic Builders builds new luxury homes in Maryland, including Luxury Homes in Prince George’s County, Homes in Upper Marlboro, and Maryland New Homes. We craft only the finest PG County New Homes and luxury communities, including Meadow Creek, Woodmore North, Ashleigh, The Villages of Savannah and Beechtree. Mid-Atlantic Builders: We are the Luxury Maryland Homebuilder.
Tags: Ashleigh, Beechtree, Luxury Homes in Prince George's County, Maryland New Homes, Meadow Creek, New Homes in Prince George’s County, New Homes in Upper Marlboro, PG County New Homes, The Villages of Savannah, Woodmore North
