Calculated Risk had posted a chart of what GDP growth would have been without home equity withdrawals and the debt junkies going and blowing it all on SUV's, flat panel TV's and 4 wheelers.
However, I happened upon another chart with slightly different figures.
Not that I question Calculated Risk's methodology, but I though it interesting to see an even more dismal result than Calculated Risk's.
1 comment:
This chart says nothing of those who have to refinance in order to pay their excessive tax bills.
It happens.
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