Real estate market going down.
unemployment going up.
interest rates going up.
war expenses going up.
stock market going up.
2007-06-21 02:50:30 · 10 answers · asked by smaddur 2 in Politics & Government ➔ Other - Politics & Government
I wish the stock market would stabilize.
I know Im making a lot of money on my IRAs, but its scaring the hell out of me.
2007-06-21 02:54:14 · answer #1 · answered by Vol 5 · 1⤊ 0⤋
Well,
The housing market was overinflated, and I think is adjusting.
Unemplyment up - always bad.
Interest rates going up is bad in the domestic economy, except for controlling inflation, but is good to help international balance of trade which sucks right now.
Cost of war - just if when there's a Democrat in the White House don't expect it to go away - there are lots of commitment made.
stock market, looks solid. It handled the Chinese scare pretty well - my 401K rebounded in less than 2 months.
The missing factor - oil prices. It's gone nowhere over the last year or so. It may respond well after a troop pull out of Iraq. But that doesn't fix damage to the infrastructure. There may be increased concerns fron that crazy guy in Venezuela & increased competition for oil from India & China is only pushing prices higher.
I foresee $100 a barrel for oil inside 6-8 years & gasoline over $5 per gallon. The need for an alternative is VERY pressing. It's great to have hybrids & E85 vehicles on the road. But vehicles last so long that these new vehicles can't improve the situation significantly, unless there are large subsidies to get older vehicles off the road and/or stricter emissions standards (which suck right now).
2007-06-21 03:13:11 · answer #2 · answered by dryheatdave 6 · 0⤊ 0⤋
The economy is doing quite well.
Real Estate is stagnant, but everyone expected that. You cant have a 400% increase without a correction.
Unemployment is not going up... its been holding steady, and it is much lower then it has been for decades.
Interest rates on adjustable loans is going up, but 30 year morgages are still near record lows.
War expenses are going up because we are trying to win and get it done with. War expenses are usually good for the economy, and it creates jobs.
Stock market could be do for a correction.
Taxes should be lowered to further stimulate the economy and create more high paying jobs.
2007-06-21 02:56:50 · answer #3 · answered by Mike 6 · 1⤊ 0⤋
Towards collapse (read James Wesley Rawles book Patriots Surviving the Coming Collapse.)
2007-06-21 02:55:36 · answer #4 · answered by Anonymous · 0⤊ 2⤋
It has been going up, since Bush's tax cuts. He stopped Clinton's recession.
2007-06-21 03:03:00 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Headed toward a recession unless fuel prices drop a bunch.
2007-06-21 02:53:48 · answer #6 · answered by grumpyoldman 7 · 0⤊ 2⤋
The economy can crumble at any moment all it will take is one global negative event and it will crash. Better make sure you can make it to the bank before they lock the doors.
2007-06-21 02:58:53 · answer #7 · answered by bettercockster1 4 · 0⤊ 1⤋
you got half of them right.the war and stockmarket.
the economy is just fine.
2007-06-21 02:55:09 · answer #8 · answered by Anonymous · 1⤊ 0⤋
To hell in a hand basket if a Dem is elected.
2007-06-21 02:52:58 · answer #9 · answered by booman17 7 · 1⤊ 2⤋
recession
2007-06-21 02:52:52 · answer #10 · answered by Anonymous · 1⤊ 2⤋