Because, according to virtually every economist, the economy is very good.
We have full employment (look up the definition), the dow jones is constantly hitting record highs, consumer spending is up, etc. The only negative factor I am aware of is the deficit, which is largely due to the necessary war, and that is only ONE factor involved.
Please tell me what fictitious formula, and what factors you are using to come to this ridiculous conclusion.
Note: Foreclosures (I'm sure a dozen of you will still mention them) are not a measure of the economy. There is a reason there are a lot of foreclosures, and it has nothing to do with the economy, it has to do with lenders giving out loans higher than people should have been qualified for (simplified explanation). But even after you put into account all those particular loans, 25% more home loans were written, and only 10% of THEM have foreclosed.
2007-07-19
08:41:30
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17 answers
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asked by
Anonymous