Heard President Bostic speak in La Jolla, California yesterday. Wonderful speaker! Great communicator and smart as hell.

Thank you! This was very helpful!

we are at the lowest homeownership rates in decades everyone has to rent not everyone of course

We also have had a decline in labor productivity over the past 12 years -- research.stlouisfed.org/fred2/graph/?g=2C3j. And in addition we have had some of the worst GDP growth in U.S. history: Per capita Real GDP - 2009 $s; per capita Real GDP factors out the effects of inflation and population growth 1. 1940s 40% 2. 1960s 35% 3. 1790s 33% 4. 1870s 28% 5. 1980s 25% 6. 1970s 25% 7. 1920s 24% 8. 1850s 24% 9. 1880s 23% 10. 1990s 21% 11. 1950s 19% 12. 1840s 15% 13. 1910s 14% 14. 1930s 13% 15. 1830s 10% 16. 2010s 5% for 5 years 17. 1890s 9.0% 18. 1820s 8.0% 19. 1860s 7.6% 20. 2000s 5.5% 21. 1900s 5.0% 22. 1800s 3.0% 23. 1810s 1.0%

Healthy economy would have evolved after the collapse.. the collapse that 'till this day is being artificially propped up.