4 MINES ENDANGER U.S. ECONOMIC CONVOY
The U.S. economy is compared to an armored vehicle, well made, equipped & manned by talented
operators, but the drivers have 4 land mines ahead, like in Afghanistan, according to the Chief
Economist for the Real Estate Center at TX A&M Mark Dotzour. The question is how the vehicle will
perform as each mine explodes. (#1) is the budget crisis faced by states, cities & school districts, the result of falling tax revenues. (#2) is the pervasive contraction of credit occurring in the U. S.
as business loans, mortgage loans & consumer credit continue to fall. (#3) is what will happen to mortgage rates when the Federal Reserve stops buying all of the new U.S. mortgages at the end of
March. (#4) Congress changing the rules for taxes, capital gains taxes, cap & trade, possible windfall profits taxes & new regulations of financial institlution. ” THE DANGERS MUST BE CONFRONTED BEFORE JOB GROWTH RESUMES IN A MEANINGFUL WAY.”