http://www.bbc.co.uk/news/business-21621048
The Dow Jones industrial average reached record highs today, achieving a key level in its recovery from the 2008 financial meltdown. Since the last record of 14,164 in October, 2007, the housing market collapsed, the economy has stumbled through years of slow growth and high unemployment, and the country has experienced the worst financial crisis since the Great Depression. The national debt has also increased dramatically from that point on, from $9.4 trillion to $16.6 trillion.
As of now, the housing market is improving and vehicle sales are generally increasing too. However, having a soft global economy and a substantial level of government austerity will not help, so the strong recovery that was once foreseen is hardly likely to happen, at least in the short run.
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