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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (8102)	1/14/2003 7:15:01 PM
From: MSI	Read Replies (1) \| Respond to of 306849

It's just more hollowing-out of the US economy by elite-centric Bush policies: The US housing industry is booming. However, US production of appliances is flat to moderately down compared to a year ago. Or take the home furnishings industry, which should be a prime beneficiary of strong home-building activity. However, furniture imports into the US have jumped 71% since 1999 and now comprise between 40% and 50% of all sales. According to an economist who has studied how US industries have been affected by rising imports, half a million workers lost their jobs in the furniture industry between 1979 and 1999. This is in stark contrast to China, which has become one of the world’s largest manufacturers and exporters of furniture, claiming 10% of the global market share ameinfo.com Message 18444444