The Chief Fannie Mae Economist Spoke At USD Burnham Moore’s School of Real Estate this week. He discussed Employment and How Long We will Be in This Mess. In short, we are 5 years through a 10 year cycle correction and have 5 years to go. We will slowly see improvement over the next 5 years, however there are variables that may change that. 1. US debt levels, 2. Europe 3. Politics
Here are some charts of Employment growth by US state and a chart that explains consumer sediment as to whether they feel the economy is headed in the right direction.
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