Tuesday, February 20, 2007

Economic Growth Without Home Equity Withdrawals

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.


The_Bad said...

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

It happens.

DMKhldibo said...

So, cap,

heard the radio show this weekend and all and we've had a similar affluent/poor neighborhood debate out here, though it has to do with Canadians and Americans and not race. The Canadians around here don't like living around us Yanks because the same sorts of things- crime, loudness, lack of money- So, my folks are in the American crowd and I'm on the other side of the argument. Still- I'm totally agreeing that it's not that they are trying to make mini-Canada, they just don't want to deal with the S@#$ in the bad neighborhoods. I'm in total agreement.