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And just the opposite is true in my community. We aren't centered around military. We're centered around technology and engineering, and we're booming. There are literally hundreds of millions of dollars worth of construction projects currently underway, and people and businesses are flocking to the area because of low tax rates.
Perhaps the economy is just going through a massive dead cat bounce? I suppose the Keynesian pump will work for just a wee bit more before another dump. In fact the Feds announced the "double it" approach in regards to QE. A cyclical pattern of more money and shorter booms is becoming more evident. Can't wait to see what happens when the QE totally decouples and sends the next bounce 6 feet into the red.
Last edited by seraphson; 12-07-2012 at 10:34 AM.
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