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Among the reasons for the new optimism: a significant easing of the credit crunch, improvement in consumer spending, a potential bottom in housing, a less-grim jobs picture and expectations that the government's massive stimulus spending could start boosting economic growth sooner than later.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,772,368 times
Reputation: 3587
Quote:
Originally Posted by lamexican
Among the reasons for the new optimism: a significant easing of the credit crunch, improvement in consumer spending, a potential bottom in housing, a less-grim jobs picture and expectations that the government's massive stimulus spending could start boosting economic growth sooner than later.
I agree. The Obama recovery is well under way. The only question is when inflation will appear. I say within 16 months.
That is a good question. This is a great time to buy a house. The prices are low, the interest rates are low, and the inflation will reduce the mortgage in the future.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,772,368 times
Reputation: 3587
Quote:
Originally Posted by Finn_Jarber
That is a good question. This is a great time to buy a house. The prices are low, the interest rates are low, and the inflation will reduce the mortgage in the future.
True IF you want to own a house. You will never ever see a better time than right now.
Among the reasons for the new optimism: a significant easing of the credit crunch, improvement in consumer spending, a potential bottom in housing, a less-grim jobs picture and expectations that the government's massive stimulus spending could start boosting economic growth sooner than later.
Yes, the economy could rebound much sooner, but as long as our Affirmative Action President holds office, it won't. Instead, it will just get worse and worse. You would think that the liberal freaks might actually learn something after the way the economy tanked under Carter and the Democrat controlled Congress. Obviously they haven't.
I thnik it will takes decades for some areas to recover has seen in aft6er the 70's recession. many inductires will likely never be the same and the areas will hav eto devlop others.Even bernanke says it will be slow.
Problem is KevK..we are still losing jobs. We need to see some jobs come back. Many are gone forever to the likes of China/India/Brazil..good paying white collar engineering jobs.
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