So Far So Good

I just want to take a moment here to point out that, to the best of my knowl­edge, today, Thurs­day March 5, is the first day that any­thing the new Con­gress has done that might influ­ence the econ­o­my takes effect.

Today is when the two week con­tin­u­ing fund­ing res­o­lu­tion takes effect with its four bil­lion dol­lars worth of cuts.

I also would point out that the eco­nom­ic news has been trend­ing increas­ing­ly pos­i­tive for some time now (oth­er than oil and food prices which seem to have more to do with demand in Chi­na and India and uncer­tain­ty in the Mid-east than with US gov­ern­ment policies).