Published May 8th, 2009 by Mickey
Development Spending Index on the Move
Can this be the good news people are waiting for in the real estate industry, not entirely for non-home spending may be on the move towards the positive side yet like the gains made la month or two ago that showed the same minimal movement, the rest of the economy dragged it into oblivion as quickly as it became news. It seems that the effects of this recession will be around for a long time, longer than anybody expected.
Rising unemployment and foreclosures even with the trillions of dollars unleashed by the Federal Reserve to stimulate the economy, experts are now saying it may still not do much to improve on the overall economic standing of the US. The bad thing is that the whole world engaged in free-trade is in one way or another tied-down with links to the US economy so anything wrong at their end sends ripples all over the globe.