economic recovery: No Nukes
- 09/04/09 01:59 AM
All of the indications we are getting from the US economy show that things aren't as bad as we had been led to believe. Unemployment is slowing down, the latest rate of 9.7% is well below the 25% number economists were bandying about a few months ago. Although the Federal Reserve's stimulus packages should have an extreme inflationary effect, that effect seems relatively muted so far. Oil had been around $75 last week, and now is below $68. Gold still hasn't penetrated that psychological $1000/ounce level. Happily, mortgage rates have come down to around 5.08% for a 30 year fixed rate … (2 comments)
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Diane Aronovic
Real Estate is an investment,choose a professional
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