Quote:
Originally Posted by Beads
My reasonings being fuel costs are at an almost all time high raising the prices of almost all goods.
Payscales are not keeping up with this to any extent.
Now throw in the sub prime issues with peoples homes. There are more homes currently for sale in some of the biggest real estate markets in the US and their costs are far lower than they were last year. I see houses that were selling for 600,000 now for sale for 400,000 and theres tons of them.
Foreclosures are everywhere and people are scared the prices will drop more so the house flippers are scared to invest.
For a lot of people their homes value is one of their major long term investments. If their home is losing value their losing money on one of their most important long term investments.
Yea Bush and his financial analysts say the economy is doing great but if you dont have major assets in oil companies like him and his cronies your not raking in the windfalls of cash they currently are and will probably be seeing things a little more from my perspective.
Just my 0.02.
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How does all ^^^this^^^ effect Europeans tourists who also seem to in shorter supply. Bush isn't responsible for them, is he?
The US is hardly the sole source of DR tourists.