Who's behind the push pull into a recession?
I used to think it was media--but they only read what they're sent; then I thought maybe it was the Democrats since they've been moaning about the economy for seven years in order to get elected (remember 2004?); but lately I've been thinking it's the get-rich-quick guys, who rush in for the bargains when everyone else gets weak kneed. Reading the January results in today's paper- The Dow is still off just 0.2% from a year ago
Employment grew in January by 75,000
Unemployment is 4.9%
The average fixed rate 30 year loan was at 5.68%. Wasn't it about twice that in the Carter years?
January projections for subprime losses were double digit, but actual losses on 2006 subprime loans are slightly above 1%
The Dow had its worst January since. . . January 2000 (Clinton, if I recall)
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Different decade and different issues will be the remaining factors of why today's problems are different from the past. I just have to remember that God is the have the complete control of everything. I don't worry about the "results" but I do worry about the politicans' and president's behaviors which determines my choices of parties and persons in the future.
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