"As far as the economy goes, there's many positive indicators too. While 6.1% unemployment seems bad, it's twice that in most other industrialized nations. How about inflation? How about none. Interest rates? All time lows. This compared to say, the wonderful Carter administration, which had double digits for all three I believe. Today's economy is hardly worse than that."
I think it is often easy to read about the past and make judgments. If you had to live in those times, no comparison would be made to today's economies.
After listening to stories from my father about 13% mortgage rates and NO jobs anywhere, how bad are we really today? The job market is weak, but over all this country isn't doing as bad as the media or comparisons say.
__________________
I know you're not standing on your front porch with a bag of money waiting for me to call you. But I'm not some 18-year-old selling a cure for AIDS. I'm 46 years old, I have 22 years market experience, I know this business. So pick up your skirt, grab your stones, and lets go make some money
|