Stock Market Positive Gain And Debt

It is said that hwen the down is down surely it will have a rebound and that is just what it did this week. In heavy trading it closed out the week with a gain of 17.15 with alot of swing on news from the housing and banking sectors reporting better than expected earning for this quarter. In other news Fed Boss Ben Bernake said that the overhaul of the fed interest rate combined with better than expected earnings for corporate America this year have fueled another possible bullish economy. I think if you look at the real figures we are still gripped with a bad recession and a slow down of manufacturing which shows a different kindof economic sluggishness currently. Overall though the market and certian sectors of our economy are doing better than what the Fed and US Treasury thought would happen and that is great but main street America is really being hurt by the Federal growing debt and the banks going out of business. One look at the bank failure list tells the true story about the overall economic health of America which is that our economy is really hurting and so is everyone at the lower income level. This in turn is reflected on Wall Street and the market go down and it then is reflected in a loss in paying jobs and earnings for all companies in America. I think we all could benifit if we learned to save money and invest it in stocks and saving accounts in stead of how most people are doing things these days. That old addage is true (a penny saved is a penny earned )and learning to cut up the credit cards sure helps to bring ones debt load to zero and own everything is better way of doing things.I think we all need to start being a nation of zero debt and own everything again just like we were before credit was invented.. This would help reverse the trend away from total bankruptcy that we are unfortunately heading as a nation and bring our economy back to good health again. Consumer spending is down becuase we are not realizing our goals of growth due to our willingness to charge everything on credit instead of paying cash for everything and this is a huge problem for all of America. My hope is that soon we will not be a debt burdened nation and our wealth as a nation will be in gold and products and services that we can all be proud to call made in America.