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.
This chart says nothing of those who have to refinance in order to pay their excessive tax bills.
ReplyDeleteIt happens.