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Originally Posted by Webby
OK.. Looked at the first link you suggested - then gave up. The US economy never did rely on a Reuters poll. It relies on fact.
Try checking out the total deficit on the last five years of Treasury Reports instead of grabbing a load of links that suit your case from the net. That is called qualified opinion - try it sometime.
Are you suggesting Robert Shiller writes a load of crap about "US hatred" next?? Sheesh, you are one sicko.. Gimme a break idiot  |
It depends on what your view of "bad" is. Having a guy who makes $13/hour not be able to afford a $300,000 home in the suburbs is not exactly a "bad economy" to me. A bad economy is having half your population lining up in the streets for government bread and cheese. It's having to risk your life to cross a border so you can make $10/hour.
Our housing market has its ups and downs. It's how an economy works. We had many years of great times and a lot of people made a lot of money. We'll have people lose money now for awhile. But housing is still a local thing. You can't judge it by the nation as a whole. There are parts of the country that go up, and parts of the country that go down. People will always need housing, and property will always be a good long term investment.
I don't know what you are trying to say. Do you really think we'll all be broke in a year begging for handouts? We have full employment, a booming stock market, and a fairly high median income. There are very few countries in the world that can say that.