Thread: The strongest economy in the world
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Old 17-08-2006, 09:55 PM   #246 (permalink)
Milkman
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Quote:
Originally Posted by surasak View Post
Was just going to post that...more proof that the recent 'economic growth' is being fueled by debt and not real income.

$90 billion a year being sucked out of the economy by interest and penalties....thank God I have no debt.
What I find strange about the numbers of the U.S. economy is this:

1. Wages are down every year, for the last 6 years. For everyone.

But property values has risen dramatically (interest rates, speculation, conversions, flipping, etc.)

2. Debt is at an all-time high.


Health care costs, taxes, and other 'fixed costs' have risen.
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