I do call myself a hobby economist and all is well.
Unemployment rat keeps dropping every month - Job creation keep raising every
month, average hourly earnings for the average American keep raising.
To have a double dip you need to have a sector of the economy that is still
overheated to cause that 2nd dip. The housing bubble burst causing the1st
recession. In the past recessions when a bubble burst there was still parts of
the economy still chugging along that had not burst.
What happened was that the housing bubble bursting stop EVERYTHING. There is no
other massive bursting bubble. So while it's slow going ( as it should be) the
economy is still going in the right direction.
BUT - I'm an optimist. I feel Obama is actually a 1990s Republican - not
actually liberal at all in any sense. But that is fine. I'm a fiscal republican
at heart and a liberal in all other cases!
Rod
Melotte Photo Imagery
Photography With an Edge
________________________________
From: Vincent Goetz <vince.goetz@comcast.net>
To: artshow_photo@yahoogroups.com
Sent: Fri, May 27, 2011 8:58:25 AM
Subject: [artshow_photo] Re: What constitutes a good show?
"While unemployment is dropping there is absolutely zero chance of a double
dip
recession. "
Still laughingŠdon't think I would call myself an economist, but all the
trends in this country suggest it is going to get worse before it gets
better.
[Non-text portions of this message have been removed]
[Non-text portions of this message have been removed]
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