DOW 16,000? U.S. Economy Is Falling OFF A CLIFF
Investmentwatchblog.com
November 28th, 2013
Description:
Mortgage rates have been falling for 30 years in a virtually straight line.
Interest rates are at an all time low, fuelling asset bubbles.
“The success or failure of any government must be measured by the well-being of its citizens.”
Franklin Roosevelt
In the U.S., the unemployment problem is, quite frankly, a disaster. As discussed in the previous chapter, this doesn’t apply just to the U.S., but Canada, European countries, and many others. Much of the world is suffering from high unemployment which ultimately drags down economic growth because people can’t spend.
