Thread: The Crumbling U.S. Economy, Worse is Yet to Come

The Crumbling U.S. Economy, Worse is Yet to Come

Economics / Recession 2008 - 2009
Oct 19, 2008 - 06:48 PM

By: Money_and_Markets

The Crumbling U.S. Economy, Worse is Yet to Come

Mike Larson writes: I invest prudently to help ensure the future financial well-being of my wife and two daughters. And Martin, who visited us recently, shares the same philosophy.

But when future history books are written on the twenty-first century, they will probably show that this time — right now — was the most dangerous for investors in decades.

Just look at what's happened in the last ten days.

We've seen the U.S. government throwing money at the credit crisis with wild abandon — cranking up the total cost and potential liability of fighting this disaster to more than $2.5 trillion.

We've seen endless “happy talkâ€

Why is building houses with wild abandon the signal of a strong economy?
I look at it another way, less houses being built means less people and a better quality of life.

In fact gaming the system to increase house sales/construction is what led us into this mess in the first place!!

Now the other factors like unemployment and decreased factory output are a concern, these can be easily fixed by enforcing the immigration laws and ending unfair trade.