Village News - Also serving the communities of De Luz, Rainbow, Camp Pendleton, Pala and Pauma

Stock market vs. real economy

 

Last updated 2/5/2009 at Noon



I note a dichotomy in the state of the economy – and it’s becoming more apparent! A few months ago, it was all about the falling stock market and the “insiders” who brought it all about. Today, however, it’s about the “real” economy – increasing job losses and the drop in consumer spending. After all, the prudent worker simply does not buy a new car, new house, new TV when his very livelihood is threatened. Rather, he “battens down the hatches” and prays that he won’t lose his job, his healthcare, his home and the education he’s planned for his kids!

Frankly, the wo...



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