The U.S. Economy

Posted on Mon 06/30/2014 by

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yak3A Dry Bones Cartoon ~

D14622_2According to Fox News:

The not so rosy, real truth about US economy in 2014.
“President Obama and many of the nation’s top economists entered 2014 predicting a breakout year for economic recovery. However, troubles in the housing sector indicate that there will be more economic difficulties confronting Americans and that several more years of mediocre growth lie ahead.
Residential construction only directly accounts for 3 percent of America’s GDP, however, the vitality of the new and existing home markets importantly influences the economy in other, indirect ways.
Home prices significantly impact consumer confidence and household balance sheets, and in turn, these determine American’s inclinations to spend at the mall, visit new car showrooms and power broader growth.” -more

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