and a ROARING economy...
Posted on 01/27/2014 4:27:29 PM PST by Kaslin
The only thing I think would stop it is significant inflation. The currency would have to devalue because the jobs just aren't coming back.
I woulds not be surprised if we did
Housing is in a boom in my area. Only 25 new foreclosures in my county last week. That’s down from 26 the week before. Happy days are here again!
The unemployment numbers are so thoroughly fake I don’t know if anyone can tell us the real numbers.
But it isn’t 6.7%. It isn’t anywhere near single digits.
Housing starts have doubled since 2011...
Foreign money and hedge funds are doing a lot of the buying.
Cheap money chasing hard assets.
As long as the Fed keeps creating fake money, I don’t see that changing.
and a ROARING economy...
Well, we would except things are all to shit because it’s Bush’s Fault. Simple.
5.56mm
Yeah, from 2 to 4.
Much is the same in the commercial end with people taking existing structures and remodeling to suit their needs. A big part of the commercial end is in health care related services.
There is a new Panda Express going up over by the Walmart though. woohoo. (we dint get that bid)
We should have a lot of good things in the economy with a 6.7% unemployment rate. And we probably would, if we actually had a true 6.7% rate.
Of course, we do not. The unemployment rate, like most everything in the Obama recovery, is smoke and mirrors and not the true picture of the economic mess we’re really in.
I hope I am wrong, but I cannot shake the feeling that we are going to have a “lost decade”, ala Japan. None of the traditional indicators of real economic recovery are there. And if the Fed ever turns off the QE tap...
The true unemployment rate is some 36% and rising. Just because some people are not looking anymore or have settled down to live off the dole dousent mean they aren’t unemployed. Business is chasing profits by cutting costs and downsizing. This is not time to tie yourself into a mortgage and risk a down payment.
They only count people looking for work. Pretty stupid, huh??
I believe you. I was trying to determine the true number myself and its pretty difficult, the way they count I couldn't arrive at a number.
Its not 6.7% though. Its not single digits. I always assume its north of 20%. Hardly a family in America doesn't have someone out of work.
The lost decade is a certainity and will probably last 2 decades. We are already at 5 years and things are steadily getting worse all the while being told how good things are.
We are told 6.7% unemployment, yet they are pushing on extending unemployment for 99 weeks again. We are told how great things are while more than 45 million Americans are on Food Stamps alone.
We are told how goood it is..you get the picture! There is no way to reverse this downturn in just a year and certainly not with obama as President, so that is 8 years minimum.
Good update, thanks. The only reason health care related businesses are building is because Medicare, Mediciad, and ObamaCare are consuming more than our tax revenues. As baby boomers become geriatric, it will get even worse.
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