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Ian Harvey
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I have been trading on the stock market since 1986. With a background in finance and marketing, I ran a highly successful investment advice business in Australia from 1886 to 1998. After marrying my wife, Amanda, in 1998, I decided to sell my business and make trading my primary source of... More
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  • Economic Indicators -Consumer Spending and Home Sales – February, 2011 0 comments
    Mar 1, 2011 8:55 AM
    February 28, 2011


    Consumer Spending

    One economic indicator, which is quite close to the U.S. citizen’s heart, is consumer spending, which barely edged up in January as households took advantage of tax cuts to rebuild their savings, suggesting spending would offer only a modest lift to the recovery in the first quarter.

    Pending Home Sales Index

    Another economic indicator showed the recovery continues to elude the housing sector. The National Association of Realtors Pending Home Sales Index, based on contracts signed in January, fell 2.8 percent. Pending home sales lead existing home sales by a month or two.



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    Success is simple. Do what's right, the right way, at the right time.
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