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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: tejek who wrote (260542)7/13/2010 8:15:22 PM
From: RetiredNowRead Replies (3) of 306849
 
I believe that one reason we may see big tech do well is that other companies are looking to invest in tech in lieu of hiring more employees. They want the productivity gains through 1 time investment instead of through permanent employee overhead. That makes for great short run gains in the economy, but without the consumers getting jobs, everything will just drag along slowly or continue to deteriorate.

I have faith that what we are seeing right now is an economic contraction that will get this country back to a sustainable GDP level. We were never a true 14 trillion economy. That was just government borrowing from the future to prop up today's economy. The real sustainable economy looks a lot more like $11-12 trillion. The last year and a half was our government's attempt to delay the contraction. Now the contraction is having its way.
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