just_another_handle Wrote:
Sep 15, 2012 1:55 AM
Back in the late 80' & early 90's I was selling real estate in a dismal market. I came to appreciate that there had to be a first time buyer in the game in order for the rest of the market to move up. In todays economy, there has to be a sufficient amount of workers getting decent paychecks for substanitive work that benefits everyone around them in order for the economy to rebound. The problem is that there is too little work for far too many people. The economy we left behind was based on a false premise. That being that with easy credit everyone would benefit from everybody spending 10 to 20% more than they were making. That kind of economy is not coming back no matter how much money they print.