Resources going into housing could fuel sectors that better drive growth

BusinessWeek

Is the housing boom a bubble? As Greenspan has said, it’s hard to tell. But what’s certain is that housing-driven growth, while creating jobs and lifting wealth, is also distorting the economy, benefiting low-tech commodity sectors rather than the high-tech industries at the heart of America’s competitive strength.

Interesting analysis here that complements our local economy which is driven in large part by both the construction industry as well as small business/high tech fields.

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