Jay
2008-05-01 14:21:43
Folks, I live in a city that is growing. We have houses on the market for months and many are turned into rentals. We have empty office building. The sales tax receipts are going down as our our property values. Yet we are adding lot of tech jobs that pay well. The Feds are lying about the numbers and anyway the gov statistics are always fuzzy.
Inflation is around 9% if we include food and energy which are excluded by the BLS and Fed as non core items. Personal, business and government debt is very high. I am a strong fiscal conservative but I know that governments lie in their favor PLUS the speculative leveraged financial system is too complex for all but a few business-economic journalists to try to explain to lay folks.
