Moby sometimes ya gotta wonder how dumb the people in this country are
5% unemployment ....the economy is doing good because of the bush tax breaks.... yeah right
the economy is doing good because of the housing bubble and the housing bubble was created by cheap interest rates
the cheap interest rates were created by china pumping money in to american banks because they are swimming in money from our 200 million trade deficit with them
right now housing is almost 50% of the G.N.P.
everybody is borrowing money and putting in new kitchens, bathrooms, buying cars, furniture, electronics, pools
and my favorite paying off their credit cards with their home equity
in 3 or 4 years things are gonna get bad
|