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Is the US economy as bad as it seems? »
Posted by: gracecheng 1 year, 10 months agoThe slump in the US housing market has bruised the US economy in the third quarter, with GDP reaching its lowest rate of growth in 3 years. Do you think the US is precariously hanging over the recession manhole? Honestly, I don't....
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Comments: 2
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criptus
Oct. 29, 2006, 3:07 a.m.While interest rates do play a large role we have to take into consideration the large consumer debt as well. This is what is pushing down the housing prices as interest rates rise and it is a very important factor affecting the economy.
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engineer
Sept. 12, 2007, 9:15 a.m.Yes! It is bad. When we can live within our means, and every citizen will be able to get a living wage job, then we jk9ight be able to pull out of the current recession.
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gracecheng
Grace Cheng is a fulltime Forex Trader and also contributes to several trading and investment magazines.
