Monday, June 26, 2006

A Day of Reckoning

Another factor supporting the housing market's soft landing is the strength of the jobs market and overall corporate financial health, says John Lonski, chief economist at Moody's Investors Service. "The economy and jobs market is benefiting from corporate America's conservative fiscal management, says Lonski. "Companies are in a position to step up capital spending as opposed to cutting back on expenditures, including staff."


What on earth is going on here. Folks trying to sound smart by chasing the soft landing? What next, will they explain the boom as it happens to?

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