Ben Bernanke testified before the banking committee earlier this year and broke the news to everyone that the economy is still in DIRE SHAPE and not to expect job growth for the next two to three years.
He expects unemployment to be at least 8% through 2013 maybe longer.
LET ME SEE…WHAT CAN PEOPLE WITH NO JOBS…NOT DO?
ANSWER: BUY REAL ESTATE, BUY NEW CARS, SHOP AT THE MALLS, ETC, ETC.
They WILL rent apartments in droves.
Oh, and did you miss the part about Inflation for Food, Energy (Gas, Oil, Electricity) and Rent?
Looks like more:
But remember…I didn’t tell you so…Okay, Okay…I TOLD YOU SO!!!