well i hate to tell everyone that i told you so, (especially those that argued with me last month) BUT I guress that the economists are now finally starting to admit that we are in a depression not a recession
this today: "The fortunes of the American economy have grown so alarming and the pace of the decline so swift that economists are now straining to describe where events are headed, dusting off a word that has not been invoked since the 1940s: depression.
Economists are not making comparisons with the Great Depression of the 1930s, when the unemployment rate reached 25 percent. Current conditions are not even as poor as during the twin recessions of the 1980s, when unemployment exceeded 10 percent, though many experts assert this downturn is on track to be significantly worse.
Rather, economists are using the word depression — a subjective term with no academic definition — to describe a condition of broad and extreme economic distress that remains stubbornly in place for much longer than a typical downturn."
Gotta love them pot palaces, but yes great opportunities, a little drywall, flooring and cabinets and the houses are back with the living. Wait about 5 years and you can cash out.
4 comments:
LMFAO! A six acre pot farm. Oh, and it's a steal at $330k!!! Bwahahaha!
well i hate to tell everyone that i told you so, (especially those that argued with me last month) BUT I guress that the economists are now finally starting to admit that we are in a depression not a recession
this today:
"The fortunes of the American economy have grown so alarming and the pace of the decline so swift that economists are now straining to describe where events are headed, dusting off a word that has not been invoked since the 1940s: depression.
Economists are not making comparisons with the Great Depression of the 1930s, when the unemployment rate reached 25 percent. Current conditions are not even as poor as during the twin recessions of the 1980s, when unemployment exceeded 10 percent, though many experts assert this downturn is on track to be significantly worse.
Rather, economists are using the word depression — a subjective term with no academic definition — to describe a condition of broad and extreme economic distress that remains stubbornly in place for much longer than a typical downturn."
and no, i dont get tired of being right all of the time
Jennalee, quit depressing me!
Gotta love them pot palaces, but yes great opportunities, a little drywall, flooring and cabinets and the houses are back with the living. Wait about 5 years and you can cash out.
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