Economists: U.S. has largely absorbed blow from downturn in housing
September 10, 2007
To gauge the effect of economic trends on distributors, MDM tapped two economists to gain a snapshot of current economic conditions. MDM spoke with Alan Beaulieu of the Institute for Trend Research (603-226-9331, www.ecotrends.org), and Bill Dunkelberg of the National Federation of Independent Businesses.   ; What is the state of the economy? Alan Beaulieu: The U.S. economy is in better shape than most people think it is. We have largely absorbed a significant blow in the form of the downturn in the housing market.
It is not hard to imagine that in past decades this would have sent us into a recession, but this time we have taken the hit" and are continuing to grow, albeit at a noticeably slower pace. To put this in context, the decline in ...