Southridge Capital wrote in an earlier blog about how the US looks stable compared to some of the other regions worldwide.
Even though, the stock market declined for two consecutive weeks, Greece?s financial woes took all the headlines even replacing Goldman Sachs. US employment numbers were released for April and this reflects the stability of us growth. The US Labor Department stated that 290,000 new jobs were created in the month of April. This is the fourth consecutive month there has been an increase in jobs and the largest increase in the last four years.
Job numbers show hiring was spread out over a number of industries, which is great news for the stabilization of the economy.
$140 billion bailout plan for Greece was approved on Friday and the EU stepped up to calm the global markets with their own package. We hope these plans will provide investors with a reason to look at the good news in the Unites States.
Looking at different forms of entertainment, Southridge Capital saw positive numbers.
In March WrestleMania, the WWE?s main yearly event was held in Glendale, Arizona. The event netted a $13.1 million profit for the organization and contributed nearly $28.8 million of revenue. This is terrific news for an economy that is struggling to pull itself out of a recession.
According to a source at BoxingNews24.com the Shane Mosley vs. Floyd Mayweather Jr. bout sold approximately 1.2 million pay-per-view subscriptions making it the largest viewed fight of the year. These numbers would surely increase if Floyd Mayweather Jr and Pacquiao ever sign a contract.
On May 7th, Iron Man 2 surpassed $50 million in ticket sales, which is the 7th largest opening day in history. Avatar has reportedly earned $747,292,481 in US sales since it was released, according to IMDB.com.
Lastly Callaway saw a worldwide increase in sales of 11% from the first quarter of last year and US sales increase of 7%.
We can see why personal saving rates (a percent of disposable income) decreased a little. American consumers are allocating their money to leisure activities such as sporting events, entertainment event, and shows, which in turn help out everyone.
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