http://www.ibj.com/raytheon-lands-250-million-navy-electronics-contract/PARAMS/article/20817
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Great News for Indianapolis- NOW IS THE TIME TO INVEST!
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GOVERNMENT REPORT SAYS CONSUMER SPENDING UP IN MAY-
Things are starting to look up… A recent study from The Commerce Department Announces. Maybe a good time for all to invest.
WASHINGTON,–U.S. consumer spending rose slightly more than expected in May even as savings touched their highest level in eight months, agovernment report showed on Monday.
The Commerce Department said spending edged up 0.25% after being flat in April. Analysts polled by Reuters had expected consumer spending to rise 0.1%.
Consumer spending is being closely watched to gauge the strength of the economic recovery after the government lowered estimates for the first quarter, holding back gross domestic product growth during that period.
A government report on Friday showed consumer spending, which normally accounts for 70% U.S. economic activity, rose at a 3% pace in the January-March quarter — slower than the 3.5% the government had estimated last month.
Spending adjusted for inflation increased 0.3% last month after being flat in April. Real spending on services increased 0.3%, while spending on goods rose 0.2%, reversing the prior month’s 0.1% decline, the Commerce Department said.
Personal income increased 0.4% after gaining 0.5% in April. Markets had expected income to rise 0.5% last month.
Real disposable income climbed 0.5% following a 0.6% increase the prior month.
The saving rate rose to 4.0% from 3.8% in April. Savings increased to an annual rate of $454.3 billion, the highest level since September. The report also showed the personal consumption expenditures price index, excluding food and energy, rising 1.3% in the 12 months to May.
The index, a key inflation measure monitored by the Federal Reserve, increased 1.2% in April.
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Don’t buy into the negative nancy’s out there… There is always plenty of bad news out there but this week we have been inundated with news about the bad economy and bad time to invest but the reality is that THIS IS A GREAT TIME TO BUY!!
Keep thinking positive and checking my web site for updates on new properties!
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Higher yields, dollar, mortgage rates seen What’s the economic outlook?
Treasury yields and the dollar will rise against the euro this year as the U.S. economy continues to grow, according to economists polled by the Securities Industry and Financial Markets Association.
The Federal Reserve will keep its target interest rate at current low levels this year, with half of respondents seeing a hike by mid-2011, SIFMA said in a release Tuesday. Some expect 2012 to come before a rate hike.
Mortgage rates are seen rising to 5.1% this year and to 5.4% by June 2011, according to the survey — still very low by historic standards.
So, the great news. The economy is slowly bouncing back which can be great for the housing market, the Federal Reserve are planning to keep interest rates low for awhile. And while interest rates are expected to rise….they’ll still be low. But, now is a great time to buy or refinance before those rates start inching up.
http://www.marketwatch.com/story/treasury-sells-2-year-debt-at-lowest-yield-ever-2010-06-22
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STUDY SHOWS INDIANA ECONOMY GROWING- NOW IS THE TIME TO INVEST
A new economic study predicts Indiana’s major manufacturing cities are headed for a robust economic rebound next year, forecasting a 7.3 percent growth in manufacturing income for the state.
Three cities hit hard by the recession — Kokomo, Columbus, and Elkhart — are headed for double-digit growth in manufacturing income in 2011, according to the report released today.
Now is the time to invest in property in Indianapolis, we just released 10 new properties this week.
http://heraldbulletin.com/business/x93709300/Report-forecasts-Indiana-headed-for-robust-economic-recovery
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THE NEW ARIZONA LAW
I have a question ? Seriously how can we be in such uproar over enforcing our own laws. Over 60% of the American people support Arizona and enforcing our laws but the special interests groups/ progressives / lame stream media don’t ! Why you ask? Because they are lawless and support anything the flies in the face of our constitution and what is just. Funny because they are saying it is in fact unconstitutional and will promote racial profiling. Folks read the law!! It protects the constitution by enforcing the law and protecting others rights. How about the immigrants who come here legally and get by passed by the lawless? How does that not matter?
As far a racial profiling goes. I am a Police officer as some of you may already know and I can tell you Hispanics are not going to be stopped because they are Hispanic. The COPS need probable cause. Now in the line of duty ALL Americans have to prove their identity so why should a lawless person be exempt of that? Why should ANYONE want them exempt of that? If they commit a crime against you and your family would you not want them to be identified just like we would anyone else.
I could go on about this and all the political reasons but I will save that for later. Bottom line don’t throw out our common sense for rhetoric !
Protect our laws and our founding constitution !
Nick Vertucci
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FHA DOINK COULD HURT BUYERS $$
This video discusses the BILL HR5072 which will raise the cost of loans. David Stevens and this Bill needs to be stopped.
Also this video gives more info on the push to raise the standards of appraisers. Problem is it doesnt raise the standards but will make a shortage of appraisers. Again stupid stupid stupid!
LASTLY a good quote at the end.
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Now is the time to Invest in Indianapolis…
Hope everyone had a safe and happy 4th! Now back to business… a recent article in the Indianapolis Business Journal Reports that Raytheon has landed a new contract which is great news for the Indianapolis Economy and great news for all of you wanting to invest in real estate.
http://www.ibj.com/raytheon-lands-250-million-navy-electronics-contract/PARAMS/article/20817
Raytheon Technical Services Co. LLC in Indianapolis has landed a $250 million contract from the U.S. Navy—its third one of the year.
But this one is a big one. The latest deal, disclosed Monday by the U.S. Department of Defense, will keep Raytheon engineers busy until 2014 working on software that controls electronics on the Navy’s V-22 Osprey tilt rotor aircraft.
The two earlier contracts—for $19 million and $32 million—were for making guided missile launchers and bomb racks on Navy airplanes.
The contracts have been a boon to Raytheon’s Indianapolis plant, located at 6125 E. 21st St. It shed 77 jobs there last September, leaving about 1,100 employees.
It’s not clear if the new contract will prompt Raytheon to hire more workers. A message left with Raytheon spokesman Jerry Petrie was not immediately returned.
The latest contract calls on Raytheon to develop and test software and some prototype hardware for electronics in the V-22 Ospreys.
Raytheon’s Indianapolis facility has worked on V-22 avionics for more than 20 years. In 2007, it was awarded two contracts worth nearly $28 million for similar software work.
Raytheon Technical Services is a division of Waltham, Mass.-based Raytheon Co., a massive defense and government contractor. The company employs more than 75,000 people worldwide, and pulled in revenue last year of $25 billion.