Shenandoah: The New Disaster Awaits
Please go read Shenandoah's latest post.
So let us review the near future:
1. Little chance of a recovery in the Residential real estate market.
2. Jobs growth, if any, will keep the “official” rate above 10% for U-3 and well above 20% in the U-6 category.
3. Small business is hunkering down because they do not trust one damned soul in government.
4. Tax policy could break the back of the economy but few care because 54% of the population gets a government hand out of some sort.