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06-15-2011, 10:31 AM
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#68
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Banned
Drives: Water camel
Join Date: Dec 2009
Location: strait of hormuz
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Quote:
Originally Posted by BTM
For the housing market sure. That's a simple supply/demand equation. Surplus of housing, shortage of demand. Not mind blowing, don't let some sensationalist headlines get to you.
Employment and GDP (PPP) are far more accurate economic metrics. 2010 IMF and Worldfact Book both put the US #1 overall in GDP (PPP). When we're experiencing prolonged 30% unemployment (factoring in estimates for those not seen as unemployed by the employment rate such as disgruntled workers) and severely deflated GDP per capita, talk to me about the Great Depression.
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