Gents,
It's funny that the TV and radio will have you believe that the economy is very strong.
National unempoyment is down and they have to raise interest rates because there is that fear of INFLATION.
I talk to a lot of people from different parts of the country, and
I don't hear anybody agreeing with the TV and radio hype.
Rich, I think you are right what a lot of people are spending is the equity in their homes.
Heck with the price of real estate rising so quickly in the last few years(because of low mortgage rates) a lot of people are betting that it will continue to rise.???
I don't think it will.
The bubble may not burst but the air is leaking out................
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The older I get, the faster I was........
So now I'm so fast apparently I appear to be standing still.