10-28-2006, 11:49 PM
All indications are that problems in the Housing sector will have a large ripple effect in the economy, not just in Hawaii but Nation wide. Obviously, no one can predict the future, and many possible outcomes are possible, but clearly the economy is in transition period.
After the giddy heights and busts of the dot com boom, just a few years ago vigilance is preferable to denial . Interesting article on the subject from the Washington Post;
"The U.S. economy is more dependent on housing than it has been in a half-century, as the sector fuels consumer spending and has accounted for nearly three-quarters of the nation's job growth in the past five years." Washingtion Post,Wednesday, April 5, 2006
http://www.washingtonpost.com/wp-dyn/con...01629.html
Edited by - adias on 10/29/2006 03:58:03
After the giddy heights and busts of the dot com boom, just a few years ago vigilance is preferable to denial . Interesting article on the subject from the Washington Post;
"The U.S. economy is more dependent on housing than it has been in a half-century, as the sector fuels consumer spending and has accounted for nearly three-quarters of the nation's job growth in the past five years." Washingtion Post,Wednesday, April 5, 2006
http://www.washingtonpost.com/wp-dyn/con...01629.html
Edited by - adias on 10/29/2006 03:58:03