The 2012 Economy Brought Glad Tidings To Many
It's not all bad... by JL Johnson | User47
License (according to Flickr): Attribution-ShareAlike License
License (according to Flickr): Attribution-ShareAlike License
Construction workers build a home in Palo Alto, Calif. A real turnaround seemed to take hold in the housing sector in 2012 after years of fits and starts. Construction workers build a home in Palo Alto, Calif. A real turnaround seemed to take hold in the housing sector in 2012 after years of fits and starts. Paul Sakuma/AP After years of recession and slow recovery, maybe you didn't notice. But it turns out, 2012 was a fairly good year for the U.S. economy. The Standard & Poor's 500 stock index has risen nearly 14 percent this year and the unemployment rate has fallen to 7. 7 percent, the lowest point in four years. Inflation and interest rates have stayed low, allowing families to cut their debt loads. "Consumers are feeling better now," said Nariman Behravesh, chief economist for IHS Global Insight, a forecasting firm.
Keywords:
percent real turnaround housing Great Recession prices U.S. economy Construction workers Palo Alto housing sector unemployment rate energy energy companies housing starts new jobs percent sales increase New York-New Jersey overall economic growth U.S. household net fairly steady growth pace U.S. energy industry greater job security IHS Global Insight metropolitan home prices chief U.S. economist RBC Capital Markets big energy companies abundant energy resources relatively weak prices average annual forecast National Retail Federation lower gasoline prices largest metropolitan areas optimistic forecast NRF budget negotiations drama Institution economic index broadly rooted recovery country inflation Tom Porcelli Paul Sakuma/AP Job growth retail sales stock index housing market growth rate consumer prices housing indicators best pace average agePeople:
Nariman Behravesh
Overall Sentiment: 0.504948
Relevance: 0.599552
| Sentiment | Quote |
|---|---|
| 0.325606 | "Consumers are feeling better now," said Nariman Behravesh, ... |
| 0 | "Job growth was not great, but it was good enough to make people feel like things are getting better," Behravesh said. ... |
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Tom Porcelli
Overall Sentiment: -0.262437
Relevance: 0.580532
| Sentiment | Quote |
|---|---|
| 0 | "you have a consumer moving sideways," Porcelli said. ... |
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Paul Sakuma/AP
Overall Sentiment: 0
Relevance: 0.484028
Matthew Shay
Overall Sentiment: 0.150729
Relevance: 0.436859
| Sentiment | Quote |
|---|---|
| 0.242704 | "This is the most optimistic forecast NRF has released since the recession," Matthew Shay, the group's president, said ... |
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Alec Friedhoff
Overall Sentiment: 0.204486
Relevance: 0.425789
| Sentiment | Quote |
|---|---|
| -0.0547299 | "The rise in metropolitan home prices indicates that a broadly rooted recovery may be underway in the housing market," said Alec Friedhoff, ... |
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Key:
- Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
- The Mean is meant to be an indicator of an individual's average comment sentiment.
- The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).
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Additional Info:
Holiday: Christmas
Overall Sentiment: -0.505132
Relevance: 0.435905
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NaturalDisaster: Hurricane Sandy
Overall Sentiment: -0.37757
Relevance: 0.425381
Organization: National Retail Federation
Overall Sentiment: 0.0241952
Relevance: 0.492379
Disambiguation: References:
Organization: Brookings Institution
Overall Sentiment: 0.0737181
Relevance: 0.446221
Organization: Federal Reserve
Overall Sentiment: 0.152521
Relevance: 0.446102
Company: IHS Global Insight
Overall Sentiment: 0.272283
Relevance: 0.450532
Company: RBC Capital Markets
Overall Sentiment: 0
Relevance: 0.432181
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Company: Exxon Mobil
Overall Sentiment: -0.147519
Relevance: 0.41982
Company: Shell
Overall Sentiment: -0.175353
Relevance: 0.358197
Disambiguation: References:
FieldTerminology: retail sales
Overall Sentiment: -0.15471
Relevance: 0.563693
FieldTerminology: retail sector
Overall Sentiment: 0.163072
Relevance: 0.490277
FieldTerminology: Inflation
Overall Sentiment: 0.0174418
Relevance: 0.482404
FieldTerminology: car dealerships
Overall Sentiment: 0.0215546
Relevance: 0.440773
FieldTerminology: natural gas
Overall Sentiment: -0.0900291
Relevance: 0.374305
FinancialMarketIndex: Standard & Poor's 500 stock index
Overall Sentiment: 0
Relevance: 0.499748
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A combination of greater job security, fewer bills and rising wealth sent shoppers heading off to car dealerships, malls and restaurants. "Job growth was not great, but it was good enough to make people feel like things are getting better," said Nariman Behravesh of IHS Global Insight. NPR's Marilyn Geewax covers 2012's economic good news.
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The 2012 Economy Brought Glad Tidings To Many
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