Reply #42: Ozy....

[AnneD]

was there ever ANY doubt. The 'Bush recovery' from has come via the middle class extracting equity from an overheated housing market. The media that covers the market consists of folks that are basically ignorant in economic fundamentals. They have been accepting data and not questioned the facts, situations, or effects of some of these companies practices. They are nothing more than advertisers reporting on what wares business wants to hawk.

Economies are basically people trading money, goods, and services for other countries money, goods, and services. So what does America offer? A few farm products, a few manufactured goods, a few financial services. Our biggest trade goods seems to be something akin to the family silver or oil interests (ports, commercial property, real estate, securities-the cash generating assest). Basically I think we are acting like a dowager that is hocking the family heirlooms to stay afloat while the kids are racking up the credit card debt.