While Democrats keep talking about ‘ the worst economy since the Great Depression’, Noel Sheppard, an economic and geopolitical analyst and writer residing in Northern California, gives a very good update on how the economy is actually doing under the Bush Presidency. It debunks many of the commonly held myths and concludes with this:
So, when you add it all up, we now have accelerating:
* Job growth
* Consumer net worth
* Stock valuations (up 50% from their post-recession lows)
* Home ownership and prices
Frankly, with depressions like these, who needs expansions?
My thoughts exactly.
Oh yeah, also, the budget deficit is shrinking rapidly.