Posted by Lido 2 years ago In:

Lido
Lido Asked:

Do you think the economy is slowly improving or is there another rescession coming up?

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aspen
aspen Answered:

Don't confuse the improving stock market with the economy.  (The stock market has improved because investors who pulled their money out earlier and now starting to reinvest again.)  Unemployment, low earnings growth, increased taxes, and the threat of inflation point to a flat recovery which could last for another year.   Look for a correction of ten percent or more over the next six weeks.   

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stevor
stevor Answered:

If you look at economic history, this "recession" will be followed by a period of inflation. Some people predict it will be real bad inflation, but then again, some people predict stupid things.

If it is going to have a period of high inflation and you don't own a home and you can afford to get one now that prices are low and loan rates are low, AND if your wages are likely to go up with inflation, it's a great time to get a house. You'll be paying it off more easily since your wages will be a lot higher.

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DB Lady
DB Lady Answered:

Lido,

    I think that as long as Obama and these Dems are in power, this country is just going to go downhill financially, morally and ethically. .  I don't have any hope and faith in this stupid administration.

 

 

Be honest and be true to yourself.
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Dawg
Dawg Answered:


The government may put a mortgage-modification effort, called the Home Affordable Modification Program, or HAMP, into overdrive in coming years, pushing for reductions in the principal outstanding on home loans overseen by Fannie Mae and Freddie Mac.
 
(Excerpt) Read more at marketwatch.com   
 
Fannie Mae and Freddie Mac..... They are what caused the Housing Meltdown and Economic Crisis in the first place!
 
Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis.

At a 2004 hearing see Democrat after Democrat covering up and attacking the regulations to protect Fannie Mae and Freddie Mac (their Cash Cows) that are now destroying our economy because the Democrats let them cheat.

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hardworking
hardworking Answered:

I think there is another recession or more likely a depression right around the corner. The leadership of this country hasn't got a clue as to what to do to make things better and the things they do put in place just make things worse.

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meowkats
meowkats Answered:

The Economy is STALLED. Talk to business owners they will tell you they are waiting to see what happens in November. They are also saying some of the Tax breaks are going away, but this Administration has put new ones through and yet they don't know what they are. It called the waiting game.

Jobs is another issue pulling this economy down - get the people to work, people start buying goods and services. Wa - la Economy is moving. Easier said then done!

"Government exists to protect us from each other. Where government has gone beyond its limits is in deciding to protect us from ourselves." Ronald Reagan
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