Toll Brothers Inc (TOL), D.R. Horton, Inc. (DHI), Wells Fargo & Co (WFC): Three Reasons to Be Optimistic About the U.S. Recovery

Gains in household and business spending

Lastly, Powell noted the improvements in both household (personal) and business spending as the final reasons for optimism in the economy. While their growth has slowed down since the immediate recovery from the recession, both personal consumption and business sales (trade sales and shipments) are now 6% above their Q2 2007 levels.

Source: Bureau of Economic Analysis and US Census Bureau.

In short, Powell was correct. While there may always be unknown troubles lurking, investors should take heart. Despite temporary fluctuations, the long term outlook of the United States is certainly improving.

The article 3 Reasons to Be Optimistic About the U.S. Recovery originally appeared on Fool.com and is written by Patrick Morris.

Patrick Morris owns shares of Bank of America. The Motley Fool recommends Bank of America and Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo. 

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