America spends more!

The U.S stocks went up as a result of buoyed consumer spending.the consumers were spending more and more and as a result of that the Retails reported good profits.and as a result of the retail reports,the U.S stocks got quite a boost and saw the stocks react quite well to the news that Americans were spending more and more.in spite of the pressure on the U.S dollar against the Euro and the Yen,the American economy seems to be recovering quite well.this may also well account for the high price ranges for the Dollar-Yen trades trading around 122 to 123.
And the weakness that is perceived in the U.S economy still persists but it is the very fact of over spending by the U.S retail consumers that seems to have given the U.S economy a breather of sorts.of course the critics are calling it the 'calm before the storm' but i would much rather go by the saying 'do not look a gift horse in the mouth'.but the overwhelming opinion is that the current mood of optimism may not stay around for long especially with the housing market in the slumps and the economy burping along.so lets take a wait and see attitude as regards the U.S economy but if the consumers were to continue their spending spree well,the future for the U.S economy may well be bright!

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