Despite what Bush & Bernanke say to reassure us that the economy is doing well, I don’t believe it is. Here are some news stories that support this belief.The first is from Newsweek.Because home sales and moves stimulate purchases of appliances, electronics and furniture, the giant chains that catered to house flippers and renovators have reported recession-like results. In the second quarter, same-store sales were down 5.2 percent at Home Depot and 4.3 percent at Sears.Americans who were living high by taking out home-equity loans during the boom [...]
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[Source: The Money Blogs]
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