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Thursday, April 26, 2007

Schizophrenic Economy

What a strange week for the national economy. Housing is still in the doldrums but the stock market is hot with record highs. Here in the Pacific Northwest, housing is still running full steam ahead. The economy is chugging along but gas prices are spiking sharply higher. It alls seems pretty schizophrenic. When it all comes to a head remains to be seen. I don’t see much relief with gas prices since the rest of the developing world is creating stronger demand. Unless we find a way to become less oil dependent, U.S. consumers will continue to feel that ever increasing pinch. Thankfully, big corporations are beginning to see the green light as well. As the country works towards less unsustainable energy consumption, the average U.S. consumer should begin to see more economical benefit. Homes and commercial properties are beginning to be built with greener and more energy efficient materials. Cars are even becoming more efficient. Of course, it would be nice if government could give more incentive to speed up the process, but that’s just how things are currently. But when did you ever think it would be hip to be green? That in itself is a small miracle.

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