Two things, energy, housing
First,
Something no one wants to hear but it’s the truth.
It’s So Simple,
Housing is 20% of the economy in most locals (not all but most)
Agents, escrow, insurance, finance , landscape, builders,… etc the list goes on.
YOU WILL NEVER HAVE AN ECONOMIC RECOVERY UNTIL THE MAJORITY OF UNDERWATER HOME OWNERS ARE NO LONGER UNDER WATER,
One way or the other..
Second:
It costs about 50 cents a Gallon to produce ethanol in brazil , but we won’t let them import it here, it would kill the corn ethanol industry, can’t have that.
Third, Let me put my tin foil hat on,
This is the way they want it, The PTB think that you cannot grow forever, and want us to seek a stable state economy.
