Some Perspective on the U.S. Economy |
| Published: July 19, 2008, 5:52 pm |
|
In today’s economic environment there is a little of everything for the pessimist and the optimist. Foreclosures are at record levels. Sales volume is way down. Vegas seems to be ground zero for bad housing news. As I mentioned in a previous post, to some investors, it has never been a better time to buy real estate. Today’s global economy is pulling the world’s poor into the middle class at a rate of 70,000,000 people each year according the Goldman Sachs. That means they will want to buy stuff. That means they will want to buy stuff from the U.S. And because of the weakness of the dollar our stuff is a pretty good bargain in other parts of the world. That could be why the Container ships are full and moving product over seas. (23% over this time last year). Yes, folks manufacturing is back. And according to John Mauldin it is THE reason we are not in a deep recession. He is a great read and as his newsletter is headlined this week, Take a Deep Breath, The [ Full article ] |
 Blog link
|
No Comments...