The “recovery” period we seem to be in is artificial. IT is like the dot com boom. It is all smoke and mirrors and is only very very temporary at best. Don’t be fooled. Frankly I do not understand why consumer confidence is so high. There must be a lot of awfully dumb and stupid people out there or else the pollsters are asking all the wrong people or else the fix is in from the Obummer administration.
the funny thing about all these people claiming the recession is over and were headed out of the woods are the same people who totally missed the signs of the economic collapse in the first place. And no mention as to the fact the so called stimulus (porkulus) bill has done absolutely NOTHING is ripe with fraud and mismanagement.
There are many parts of the country where housing prices never went up much, did not go down much, and where houses are still selling at the normal pace.
There are five states where most of the damage happened: California, Arizona, Nevada, Florida, and Michigan.
As for oil prices, these higher prices will soon call forth a higher supply. Oil producers cut drastically, and now it will take them a while to ramp up again.
Besides fear itself, the only things we have to fear today are money printing, collapsing real estate prices, hundreds of trillions of dollars of derivatives, ballooning entitlement programs, fraud at the COMEX, the rise of China, North Korea’s ambitions, the decay of Europe into Islam, the regulation of CO2 as a pollutant, bailouts of zombie companies, Global Warming, and of course an asteroid headed STRAIGHT FOR EARTH. (Made you look.)
Nope, haven't been to the mall lately at all. All our extra money is going into survival preparedness and paying off credit - there's nothing left to spend at any mall. Maybe I'll visit the mall again in a couple of years, if it's still a going concern.
Easy-peasy