WITH HOUSING TURN AROUND WILL COME RETAIL SALES AND JOBS

This is just the beginning. With all these homes selling that are in need of repair, Home Depot and lowe's are going to be increasing sales and profits. We are moving in the right direction.

Just my opinion...Jeff Cameron

Depot Profit Rises on Cost Cuts

Topics:Recession Housing Retail Sales Stock Market Earnings

Sectors:Retail

Companies:Home Depot Inc

By: Reuters 19 May 2009 07:50 AM ET

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Home Depot's quarterly profit beat Wall Street estimates on Tuesday as the world's largest home improvement chain reined in expenses.

Neubie Home Depot Store

The results came the day after rival Lowe's reported better-than-expected quarterly earnings as it saw some strength in outdoor projects during the spring, even though consumers still kept away big-ticket home renovations.

Read the rest of the story: http://www.cnbc.com/id/30819686

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DESPITE ADDICTION TO OIL, US TRADE DEFICIT IS DOWN IN 2007

The good news is the US trade deficit shrunk in 2007 by 6.2%. The bad news is we passed $711.6 Billion of our equity to the rest of the world. That is equal to giving the following companies to the rest of the world's investors:

Coke
McDonalds
Home Depot
Citigroup
Motorola
Microsoft
AT&T

Most of that deficit is due to oil imports and the price of oil today. We import 11 million barrels of oil per day. At $90 per barrel, then we are sending $990 million American dollars to other countries. That is near $1 Billion dollars a day. That is over $360 billion dollars a year, which is more than half of our trade deficit. If we lowered oil to $45 per barrel, then we could lower our deficit by $180 BILLION PER YEAR. In that case we would keep Home Depot and Citigroup as American owned.
Below is the article about the trade deficit.

Trade Deficit Eased Last Year
By MARTIN CRUTSINGER,
Associated Press
Posted: 2008-02-14 09:34:08
WASHINGTON (AP) - Despite a soaring foreign oil bill and another record deficit with China, the overall U.S. trade deficit declined in 2007 after setting records for five consecutive years. The Commerce Department reported Thursday that the deficit dropped to $711.6 billion last year, a decline of 6.2 percent. The trade deficit with China continued to rise, jumping by 10.2 percent to $256.3 billion. That was the largest gap ever recorded with a single country, as Chinese imports surged despite a string of high-profile recalls of tainted products. The Bush administration credits its free trade policies for spurring strong growth in exports while critics contend that even with the lower overall deficit, the imbalance is still nearly double what it was in 2001, the year Bush took office. For December, the deficit fell by 6.9 percent to $58.8 billion, a bigger-than-expected improvement to close out the year. Analysts said the decline in the dollar over the past two years has helped spur strong increases in U.S. exports, with American goods now cheaper and thus more competitive in many overseas markets.
Read the full article at: http://money.aol.com/news/articles/_a/trade-deficit-eased-last-year/n20080214093409990007