Yes, there was about one month of uncertainty as lending/credit markets locked up due to angst over perceived subprime meltdown.
I has largely reversed, and credit is loosening up even as the DOW Industrial reaches near record numbers - AGAIN.
As for gas prices, everyone loves to complain, and the media certainly LOVES to harp on the 'high' gas price issue - but once again, reality shows that gasoline costs in America are LESS than just one year ago.
As for housing, the prices of leveled off (perhaps declined somewhat in some areas of the US) -- but that's a good thing.
Housing cannot go up 35-percent a year, year over year, without dire consequences.
Employment --- I live just north of Philly - and every contractor I know has a work schedule that is packed to the gills.
Jobs are going begging as businesses are so busy they have a hard time keeping up.
Companies are still producing record earnings, as nearly 70-percent of NYSE corps. BEAT P/E expectations during the last quarter, according to CNBC.
Yet people still love to be pessimestic. As evidenced by all these people who claim the financial world is about to come to an end.
Tihs is just the tip of teh iceberg to. Wer’e doomed.