Big Data: We Have it†Now What Are We Doing With It? — RISMedia
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right now. neil: longest bull market about in history is going to get longer still by a third? i think so. here s why. you know, the expression politics is local? i think the economy is also local to people s pocketbooks. we have low unemployment. we have, you just talked about the household net worth. we have housing prices at least per the case schiller index has eclipsed the highs back in 2006. people have jobs. wages are climbing. neil: no one is under water like they used to. there might be. neil: not international. in general people aren t being foreclosed on. everything s working right now. could there be a black swan out there? of course, always. be right now, always, i m with buffet. i think we have a ways to run right now. you know, a lot of these tax cuts haven t even kicked in yet. neil: buffet also mentioned we haven t groton to our heavy hitters yet. what was he referring to we are two thirds through
economy. exactly so let s start with that the economy did grow faster than expected in the first quarter with the value of all goods and services, that s gdp, increasing at an annual rate of 2.3%, that number is down from the previous quarter, due to a slow down in consumer spending growth, but, it s drag on the economy was offset by a smaller trade deficit. economists expect growth to speed up in the second quarter, small business optimism is at a three-year high and it s largely thanks to confidence generated from president t s new tax package and something else though is rising as we know home prices. they re up for the 70th consecutive month according to the case schiller index and february saw prices increase 6.3 % compared to last year and while sales of new homes are up 4% in march and drum roll the average price of a new single family homecoming in hot at 337, 200. on wall street, markets wrapped the week off mixed but little
enchilada. this has been a three-year trend. so if it s going to wreck the economy, i don t think it s going to do it from the health care industry. david, tell us, what was your number two? my number two was anybody who owns assets, particularly stocks or houses. half of americans own stocks. the s&p 500 is up almost 30%. the nasdaq up more than that. if you were one of those people that owned stock, you were a winner in 2013, but owning a house was a pretty good deal, too. this case schiller index of home prices is up 13% over the past 12 months in the 20 major markets. that s a big change from the past when house prices were falling. so for those 2/3 of americans who own their own house, 2013 was also a good year. i have to say for those americans who couldn t get rid of their house in the housing market and still owned them, i m glad to hear you say that. let s talk about losers.
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