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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (157098)12/30/2002 5:24:03 PM
From: American Spirit  Read Replies (2) of 1580363
 
Just heard on TV that since Bush took office the markets have slid the greatest percentage since the Great Depression. Hoover was the president around that time. he kept telling us recovery was around the corner. It never happened. Bush wont get a recovery either. Just heard today the only sectors growing are defense, security, real estate and medical bills. Once real estate starts falling a double or triple dip can be expected. Only thing holding RE up is low interest rates. But the prices aere very high now. with growing unemployment who can afford to keep buying these expensive properties? And deficits WILL create higher interest rates sooner or later. Bush is on track the record deficits. Also oil prices are adding to inflation. Watch out. At best stagnation for 1-2 more years. George Soros talked about the Bush Affect on the markets. Oil and military do not a healthy economy make. More like an Iraqi economy actually.
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