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Its missing some stuff.. Put it this way, the money taken out of the system when mortgages blew up did not just accumulate over night. But its the multiplying
by fredgrott 13y ago
Its missing some stuff..
Put it this way, the money taken out of the system when mortgages blew up did not just accumulate over night.
But its the multiplying effect that is the Big thing that was taken away...that multiplying effect did in fact trickle down to USA job growth for the middle class.
Now we do not have it..
Its different than other economy transitions, in other transitions for example from farm to industrial you had higher industrial wage jobs spurring young farmers to move to the city to work. Now we have what?
We may be looking at a 0-n problem being solved in that does a 'StatUp' economy get established..
Other's thoughts?