legmaker

US Economy Still Has a Ways to Go

When speaking of the US economy and its being in jeopardy, my main worry is the US dollar. I think if there is a catastrophy of some sort that would cause oil to rip higher(war with Iran) and oil were to go up to $250 a barrel there would be serious problems. If using core inflation is the correct way (I have to trust the likes of Greenspan and Bernanke) then inflation is still in check and we can slowly let the housing bubble run its course. I still believe that the world relies on the United States and if we were to not just have a bear market and a "depression" as I would call it, the whole world will feel it. That is the one thing protecting our living on credit while the world saves.