$7 Trillion Gone

No wonder Americans are feeling poor and spending less. From the free newsletter, “The Daily Reckoning” we have this great chart showing that homeowners equity shrunk by OVER $7 TRILLION Dollars since late 2005. When people feel poorer they spend less. When they spend less, companies make less profits. When companies make less profits, eventually, they show loses and layoff employees. Layoffs create less spending, which triggers a continual cycle that can only manifest in Great Depression II, regardless of what the U.S. Government says. If they did not count government spending in the CPI we’d still be in a recession, which is a no – no for any politician; whose sole goal is to get re-elected.
The Master of Disaster