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

To: Dan3 who wrote (82345)	7/29/2007 7:53:43 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

the GDP isn't right either. It overcounts offshored goods that are being "managed" from here as created here. this has been pointed out in various financial pubs like Business Week when interviewing supply chain experts from Accenture and others. We had 4% GDP in the 90s and for an economy of this size a 4% growth rate means we couldn't count the money fast enough. Now the feds tell us we are .6% below our GDP in the 90s? Except we are running the largest deficits ever with about 1/3 the job creation as then and no wage growth. I actually think the new treasury secretary Hank Paulson is one individual in charge that actually has the capacity to understand this... as opposed to the other losers hired to manage the economy from the Bush administration, thank god. Paulson is not the typical untalented Bush lackey "yes man". I wonder if republicans forced Bush into hiring a grown up with the deficit mess he created.