- High & Rising Energy Costs
- Federal Debt & Deficit
- Coming Housing Bust
- High Consumer Debt
- Large negative Trade Balance
- Future Offshoring
- Security Costs
So are there bright spots? Corporate profits are doing well, productivity is up. Nevertheless, the overwhelming negative economic factors will shortly ( within a year or so ) lead us into a recession. The unsustainable nature of our economy is astounding.
The end result of the bubble are so complex and varied it is hard to see what will happen.
ReplyDeleteHigh energy costs, debt, security costs
trade imbalances. They all could spell disaster. I guess time will tell. Be vigil, careful and do not take anything for granted.
how soft in MD ?
ReplyDeleteloudon co VA inventory has quadrupled
RE are somewhat less frenzied then earlier this year. Inventory is up somewehat. Not as much as Loudon County, VA.
ReplyDeleteYou left out the falling dollar,
ReplyDeletesocial security coming due and
medicare...The perfect financial
storm!...
Great site. Couldn't agree with you more. The next president to steal, er win in 2008 is going to have buckets full of dubya's economic turd blossoms to shovel...
ReplyDelete