The Economy: Who Is Hurting and Who Is Not

The woes of inflation and stagnation have touched nearly every American, but while some people are only slightly bruised, others feel as if they have gone ten rounds with George Foreman and are down for the count.

The depression in the housing industry has had a double effect. Many people who want to buy a house now find that it is either beyond their means or they cannot find a mortgage for it. The median price of new houses in the U.S. has jumped to some $35,500, and mortgage rates now hover near 10%. Construction...

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