Friday, January 15, 2010

4 Things We Hope Won't Happen



Housing tanks all over again. It's hard to believe the housing market could get any poorer, with prices already down by more than 30 percent from their 2007 peak. On the other hand, it's astounding that housing is as bad as it is, considering the enormous amounts of government aid that have been transfused into this comatose market.
Stocks crash. An epic bull rally since the lows of March 2009 has probably been the single biggest contributor to what we called recovery. Though stocks are still down from their October 2007 peak, the recover has relieve a sense of panic and helped restore some of the household riches vanished in the housing bust (for those lucky enough to have stock-market investments and to have stuck with them through the bottom.)
There's a U.S. debt crisis. Assuming the economy stabilizes, this is also the year that President Obama will start to talk strong about reducing America's $8 trillion public debt, which cost to more than half of our total economic output. We perhaps just relax; positively think that Washington politicians always rally to head off devastating problems before they explode.
Consumers become rational. Given the unhelpful transformation of the United State economy, Americans should be saving like crazy and buying nothing they don't need.
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JMark, that's my name. Im just an ordinary blogger who just want share knowledge about latest current events and collection of movies and celebrity issues.
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