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Bush's Economic Recovery in a NUTshell

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Dover Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-13-03 05:48 PM
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Bush's Economic Recovery in a NUTshell

Let's see now........

Many countries are and will be switching to the Euro (causing the dollar to sink dramatically and foreign money to leave this country).
http://tinyurl.com/qe8u

Then there is the little matter of our country's
$6 trillion debt (and climbing) to other countries.
http://biz.yahoo.com/rf/031008/economy_treasury_debt_1.html
for which even the IMF (International Monetary Fund) has reproached the U.S.
http://money.cnn.com/2003/08/27/news/economy/imf_deficit.reut/index.htm


Jobs are disappearing at an alarming rate, never to return....thanks to NAFTA and WTO rules.

Plus the last leg that has been holding up the economy...the Housing Market...is about to implode.
Lending rates are rising http://money.cnn.com/2003/07/23/news/economy/mortgages.reut/index.htm
and Mortgage investors Freddie Mac and Fannie Mae are in such dire straits that Forbes has compared it to the sinking of the Titanic -

http://money.cnn.com/2003/07/23/news/economy/mortgages.reut/index.htm

http://money.cnn.com/2003/07/15/news/companies/fanniemae.reut/index.htm

which has been worsened by the bond chaos -
http://story.news.yahoo.com/news?tmpl=story&cid=1106&ncid=1106&e=5&u=/ft/20030803/bs_ft/1059478674114



Major banks are unloading their mortgage positions.
http://money.cnn.com/2003/07/29/commentary/bidask/bidask/index.htm

Not surprisingly, homelessness is on the rise -
http://www.usatoday.com/news/nation/2003-08-11-homeless_x.htm


And last but not least there is a staggering consumer debt, which has been exacerbated by people attempting to continue living in the style they became accustomed to during the bubble.

http://money.cnn.com/2003/10/02/markets/consumerbubble/index.htm


Got Euros and a passport?
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pansypoo53219 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-13-03 06:55 PM
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1. i gots a passport
but not a lot of euros. Øre i have, not a lot of kroner. not many dollars either.;
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Code_Name_D Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-13-03 07:04 PM
Response to Original message
2. Shows what you know.
The markets went up today. The recovery is fianly here!!! /Sarcasem
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