Welcome to the New Economy

Discussion in 'Trading' started by Port1385, May 6, 2008.

  1. $120 oil, 4+ gallon gasoline, 7 dollar a gallon OJ, housing prices dropping 30% and going etc.

    Once upon a time in america, all of this was enough to tank the stock market, but we keep rolling along. The New Economy is here.

    A long time ago the Honda Civic and Toyota Corolla were relegated to college students and fruggle commuters that did not want to pay that last gas dollar. BMWs were the norm for the yuppies. Now we have the 2009 Toyota Corolla SRS and the Honda Civic leather edition for the yuppies. As for the college students, we now have the bus.

    Owning a house used to be something to brag about at Starbucks and now renting a room out of that same house is something to brag about. If you owned a house you were rich where as if you rented an apartment you were poor. Now the shoe is on the other foot. Those who own no house seem to have the advantage while the homeowner sits there paying dollar after dollar for fees and taxes.

    Welcome the new economy!!!