I thought your point was important enough to merit a new thread.
The indicators you are pointing at are real economy indicators - unemployment rate, housing prices - what I call "Main Street" things, part of our daily lives.
The things I think more about are financial markets indicators - stock prices, credit spreads, balance sheets - what I guess would be called "Wall Street" things.
So the obvious thing to talk about, which is what I started the thread for, is what is the connection between Main St and Wall St?
Anyway, that new thread is now sitting there, if anyone has thoughts.
Quote:
Originally Posted by Nathans_Dad
With all due respect to the OP, I'm not sure I would call the current situation a financial crisis. Unemployment has ticked up a bit but still is much less than 10% (compared to 25% during the Great Depression). The real estate market in some areas has experienced a correction from an unsustainable bubble. Many financial companies who tried to make a quick buck off that bubble are now paying the price.
Most Americans can still easily put food on their table and a roof over their head. Once those two things become difficult to do, THEN we have a financial crisis.
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