Watching CNBC this morning, there were a lot of talking heads saying that the stock market was in turmoil, but that the economy was doing fine and that the only thing to worry about was the credit crunch for lenders such as Countrywide. The Federal Reserve has used the strength of the economy as a reason for not lowering interest rates.
I am thinking that there is a disconnect between what they think is happening to the actual people of America and what their numbers tell them. As a real estate agent, I know that I am not doing as well this year as I was last year and that is the case with most of my fellow agents. I also don't see the future looking too bright. But maybe I'm wrong.
This weeks poll asks the question:
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