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Us where the economy stands now? i had a long conversation with somebody the other day about this, and there was a lot of optimism among i'd say the statistics guys in in that this is a real recovery. >> yeah, the tenor of the commentary has changed. you're absolutely right from a fragile recovery to an economy not out of the woods to one that is now seen more as a sustainable recovery with several asterisks attached to that comment. we've had better manufacturing data, surprisingly better consumer spending data, good manufacturing data, and this morning, we even got some decent housing data. ...

I think -- as you look at the situation, the housing market, you've got to say that, at least we appear to have reached some stabilized point where prices fell, you know, 10%, 15% in some markets, a great deal more than that, but in most of the housing data for most of the markets in the country, they stabilized and in some cases even gone back up a small amount. and i think you got to -- you got to think that that's pretty important. >> austan, good to talk to you as always. thanks for being with us. >> great to be with you, ali. >> austin goolbyesby, an economist joining us. here's what's ...

Just the jobs data, there's another big dose of economic data that the bulls can bite into. we have the ism reporting stronger services sector and also some housing data out today, pretty positive for the stock markets as a whole. pending home sales from the national association of realtors surging in the month of march, so there's some more economic data today pointing to an overall recovery, and that's helping that rally to continue but at the same time, jane, i should point out that all the growing confidence about the u.s. and the global economy, well, it's hurting demand for treasuries an...

Other word we hear so much about, betty, a correction. >> does this mean we could be in for another tough year? what are some of the major roadblocks that we really need to be aware of? >> yeah. there are some fears out there. one is that earnings growth may slow down. also, if you take a look at some of the recent housing data, it shows that the rebound may be temporary. you had existing home sales down 17%, new home sales down 7%. and this is leaving many to wonder what will happen when the stimulus runs out. that's all a big question that we'll have to see played out. this is a different ki...

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