As we see the U.S economy to some is either in a recession, or just in a gradual decline? Well, the questions is very debatable, and I heard some good reasons why some say it is and some say it isn’t.
While driving, I flipped the radio and I heard these guys saying that the WallStreet is very upset with the Fed’s decisions, simply because they aren’t being more aggressive. The interest rates are still high, and the housing market is rapidly declining. The market is either going to go up, or down and we’ll know that by this upcoming spring. I think it will still go down due to massive foreclosures, and simple reason: interest rates are high, banks are having a issue with lending.
They said the economy was doing good because the cardboard industry was doing good. They actually had more orders than last year. Pumping about 1.2 billion boxes this year. Every sector uses boxes, so they say its not in a recession.
Let us see what’s next.
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