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

To: Beachside Bill who wrote (59670)	8/10/2006 3:38:31 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

whats up with that is quite simple GDP is OVERSTATED dramatically. Remember that month in 01 when our fed claimed we had 9% GDP and we lost 200K jobs that month? 9% GDP? Thats the same as china. If we had 9% GDP, we'd be ROLLING in tax receipts. We'd have so many high paying jobs for people just to count all the money. An economy of this size grows to that degree and its an unprecedented boom. Raise your hand if you believe we had, or ever had, 9% GDP in the past 50 years. Bueller, anyone? These days the fed is claiming 3/4% which I also don't believe.