So 22% is not 77 million. Glad you realized your error.
BTW, I actually used 330 million for the current population to give the 22%.
That'd be 72.6 million.
Why did the Feds drop the prime 0.25%
They thought they saw the economy weakening in the future.
and then the next day print $41 billion more new dollars?
That was a temporary injection of money.
Our economy will not go belly up overnight, as neither will our standard of living, however, politics, greed, etc. have us now on the down slope with the respect to both.
The sub-prime fiasco is the culprit this time to the tune of 2.9 trillion total. CITIBANK dropped 7% yesterday.....look at the share prices (2 yr charts) of the major financial banks and brokerage houses....not good....I bailed on them in September....it is unavoidable.
You do know who's gonna pay for that don't you? The American worker in the form of government led inflation, higher interest rates, loss of equity in their homes, loss of return on stock investments.
Who's going to pay for the 4.4 million brand new homes setting empty across this nation? Can we export that stupidity and those losses?