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.

1 comment:

The_Bad said...

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

It happens.