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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: mishedlo who wrote (34690)6/30/2005 10:45:04 AM
From: Cogito Ergo SumRead Replies (1) of 306849
 
stockhouse.ca
FYI
SUBJECT: BULLISH FOR OIL ETC? Posted By: ENLIM
Posted Time: 6/30/2005 09:58 EST
« Previous Message Next Message »

From message 100427 in the CWEI board. (I haven't checked the numbers). Happy cash flows, Enlim

"NOWHERE in the last 40-some-odd articles of indictment about the American economy have I read:
1) That the current business cycle expansion AFTER the initial 7.4% tax cut in the U.S. has averaged 3.9% -- THREE POINT NINE PERCENT -- in a world that is growing at around 1.5%, excluding China and India.
2) That U.S. unemployment rates at 5.1 % are almost 50% LOWER than Europe and the REAL unemployment rate in Japan.
3) That more Americans are working today than at any time in our history OR that wage and salary rates have grown 10 PERCENT on an
annualized basis, based on the revised fourth-quarter stats.
4) That household liquid financial assets have increased in the last three years in excess of household mortgages, financial debt AND household-shared foreign debt.
5) That the newly refinanced household is paying on average $500 LESS per month in mortgage payments than they did four years ago
(on the same house, of course) and has about 12% MORE household cash flow in every state other than Florida (where property tax
increases have wiped out refinancing benefits)".
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