Quote:
Originally posted by Moneyguy1
Just a old timer's rule of thumb:
Depressions are national.
Recessions are local.
That is, the "economy" may be great for specific income brackets, industries, or for specific geographic areas.
So as far as the current economic situaiton, it is a point of view situation.
As to why the runup? Partly due to real estate no longer being quite as attractive. But just watch. The market indices will do what they always do...
Change.
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;-)
A recession is when your neighbor loses his job. A depression is when you lose your job.
This may be a rough week for the Dow...