"Warren Gold Says The Economy Has Slow Down This Past Summer"
Tampa, FL (PRWEB) October 04, 2012
Investor Warren Gold of Tampa, Florida made some economic claims from his office in Tampa, this Thursday. He claims that the economic growth in the United States has slowed down over the last two months because of the fear that’s taking place because of the debt woes over in Europe. The European debt has been mounting for quite some time now.
Gold made these comments on Thursday. Warren Gold of Tampa, Florida said that the economy began to improve gradually since the fall of the year 2009. The one area that he mentioned that wasn’t improving is all business that is related to housing. Which obviously makes sense Tampa is in the middle of a housing crisis.
Gold isn’t claiming that the US economy has turned in a negative direction at all. But he did want to point out that our overseas business in Europe has quickly dropped off over the last two months.
Gold said, “the general economy has been pretty much flat.”
One major bright spot that he pointed out is that residential housing business has slightly improved very recently.
“The little pickup in housing has not been enough to offset what has been going on in the rest of the world," says Warren Gold of Tampa Florida.
He’s not completely sure why the economy has been slowing overall.
South Florida’s economy needs to shake off its summer slump.
So far, the slump hasn’t touched the current star of the rebound: housing. Prices continue to bounce back from depressed lows, and builders once again see the demand for new houses and condos. The Federal Reserve’s Beige Book report on the nation’s economy, released Wednesday, cited the Sunshine State as a standout when it comes to construction.