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To: B4Ranch
A recent Merrill Lynch economic report said that as much as half of the nation's economic growth is related to housing sales, construction and spending from home equity loans.

What does that even mean? Half of GDP or half the increase in GDP? Over what period?

183 posted on 10/10/2006 9:38:38 AM PDT by Toddsterpatriot (Goldbugs, immune to logic and allergic to facts.)
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To: Toddsterpatriot
Just a guess but I would say that half of the GDP, probably over the past decade.

Remember what was said and then fan it out to every other industry that is related in any manner. "related to housing sales, construction and spending from home equity loans."

housing sales, for example when broken down is going to cover a percentage of the marketing industry, advertising industry, sales industry, communications industry, banking and loans, brokerages, with all the leased vehicles, new vehicle sales, rental vehicles, etc. used by that portion of the industry. And so on.

187 posted on 10/10/2006 10:05:13 AM PDT by B4Ranch (Illegal immigration Control and US Border Security - The jobs George W. Bush refuses to do.)
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