“Recession , downturn BS talk has been constant for 6 years”
If I recall, it wasn’t until August that the Fed and the Admin. acknowledged the wreck in the housing market
The housing market does not make an economy (not even close).
Reality is the American economy just grew at a very solid pace of 3.9%. We are in the six straight year of economic expansion (apprx 24 + straight Qtrs of growth)....Of over 4 straight years of solid job growth, wages are UP, household income is UP, federal income taxes are lower, discretionary spending as increased from 52% to 64% within the last 5 years alone!
Did I leave out productivity is through the roof - Going on 5 or 6 straight years of gains, interest rates are low, inflation is low, the economy as adapted to higher energy costs (needlessly higher) Reality is there are a great number of economic positives.....The MSM (and some others) simply want to ignore them because it doesn't fit their agendas....Be it politically (for the MSM) or because they are "short" on the market (individuals).