The real truth is that America's Second Great Depression started around January 1, 2005. Why? Because that's approximately when all 6 Fundamentals of the U.S. Economy started to decrease for the first time in history. When all 6 Fundamentals of our economy are increasing the way they did for approximately the first 230 years of our country's history, our economy will grow and prosper. However, when they are decreasing the way they have been for last several years, it is the equivalent of a patient (our economy) having terminal cancer not a bad cold.
All government economic stimulants since 2005, including 1) stimulus checks, 2) tax cuts, 3) tax credits, 4) reducing interest rates, 5) TARP Funds, 6) Recovery Act, and 7) Stimulus Package, have miserably failed to stimulate our economy in a positive direction because, conceptually, they have not resulted in increasing the 6 Fundamentals of the U.S. economy. These 6 Fundamentals are as follows.
Fundamental #1: Consumer Income And Disposable Income
Fundamental #2: Consumer Borrowing
Fundamental #3: Consumer Spending
Fundamental #4: Real Estate Ownership
Fundamental #5: Real Estate Values
Fundamental #6: Real Estate Equity
Until a new generation of politicians with brains and backbone create and pass the proper types of economic stimulus legislation, tragically and unnecessarily, the U.S. real estate market and overall economy will continue to deteriorate both very badly and very quickly.
Hundreds of future articles will address in detail 1) the truth about the current, horrific condition of the U.S. real estate market and overall economy, 2) the reasons why America's financial crisis started, and, most importantly, 3) the solutions that will end America's financial crisis. This information can also be found in my America's Financial Crisis Solutions Book .
Respectfully,
Phil Mitsch
America's Leading Financial Crisis, Real Estate and Mortgage Expert And Trainer
Real Estate Industry's All Time Top Producing Residential Realtor
Candidate For New Jersey State Senate
Cherry Hill, New Jersey
856-665-6569
http://PhilMitschForAmerica.com
phil@PhilMitschForAmerica.com
Special Note
All 6000 + of Phil Mitsch’s 1) U.S. Economic Crisis Solutions, 2) Home Buyer, 3) Home Seller, 4) Real Estate Professional, 5) Mortgage Professional, and 6) Life Lessons can be obtained in his 70 Books that comprise his 8 Training Systems. These Systems can be found at http://PhilMitschForAmerica.com.
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