The economy is looking better as we turn the corner to the end of the recession. GDP measures of the economy shrank at an annualized rate to 1%, as opposed to the past two quarters, ending June 2009, which had an average loss of 5% per quarter. So, with this improvement in GDP and the recent rally in the stock market, is the recession over?
I recently went to the Coldplay concert at the Verizon Wireless Amphitheater. It was sold out and over 20,000 attended the small venue. All these attendees helped contribute to the spending rate for July.
I was lucky enough to go to the concert in a NASCAR themed limo. This was the talk of the town! As we rode down the freeway, cars pulled up next to us to take pictures of the limo. The theme of the limo, inside and out, is checkered flags and race cars. The next time you need transportation for a group, try this! Our driver was Tony (and the owner) and is a really great guy. www.CaRacingLimosLA.com. The kids really love the limo and the attention it gets!