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Friday, May 15, 2009

Bottom? Maybe? Recovery...oh baby are we in for it.

1 comment:

The Crazy Trucker said...

Is our past economic growth "real" growth (that we can put our hands on) or is it just the result of individuals and corporations living beyond their means? I can represent that I have a certain standard of living beyond my ability to pay but that standard of living is propped up with credit and servicing that debt. It's not sustainable, so how can it be considered "real"? Do we not have an economy that runs on perpetual bubbles? 3-3.5% growth doesn't seem like sustainable reality to me.