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

To: Wyätt Gwyön who wrote (16932)	2/8/2004 6:53:30 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

I don't think "everybody" believes things are as bad as they are. Because unless you really understand these statistics the government is putting out you might think prosperity is around the corner. Many economists are looking at the productivity figures for example and assuming technology is the culprit and not offshoring. Without any direct hands on experience with either productivity technology or offshoring they really don't know. Only the really hands on people know what these statistics really mean. In 98 "everybody" knew the mkt was overvalued too, and it kept going up. It is very difficult to know when the herd is going to switch directions. The truth is that if we didn't have the globalization worry the US economy would be great right now. This isn't a jobless recovery, there have been 3x the jobs of the last cycle added- its just that they are offshore.