Is the economy recovering?

There is no job gain, the layoffs have not stopped, the foreclosures are about to increase.

There is talk of a jobless recovery. That means that the stock market goes up and people who know how to trade can make money and the majority that needs jobs to make money, does not.

Also, if the real estate tax credit is not extended and modified, the real estate market will again go into a tailspin. Mortgage underwriting continues to be silly and needs to restart itself into reality so people who want and deserve loans, get them.

Your thoughts?

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