"anoop" <ghanwani@[EMAIL PROTECTED]
> wrote in message >
In general, until employment starts picking
> up, I don't think we will have seen the end of this crisis (hence
> my conservative stance to investing at this time). The fed may
> have to bail a few more banks out.
>
The unemployment rate is lower than any time during the 25 year period of
1972 - 1996, or the last full year of the Nixon administration, all of the
Ford, Carter, Reagan, Bush I administrations, and the first 4 years of the
Clinton administration. See: http://www.miseryindex.us/urbyyear.asp
Somehow it has gotten around that we have a crisis regarding employment.
Not
so. Is the economy dandy? Well there are a few institutions who didn't
understand, apparently, mortgage lending and got themselves into trouble.
People were eager to buy a house and got in over their heads, because
they,
too, failed to properly understand mortgage lending.
The economy doesn't always move in one direction. This, too, shall pass.
Elizabeth Richardson
--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators
strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM
THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on
the
Newsgroup.
|
