Dr. Lowell Catlett, economist from New Mexico State University who addressed Iowa bankers last month, has a decidedly different take on the economy than what we typically read in the newspapers. He sees an economy that is stronger than most others around the world, with potential to be much stronger.
The cost to feed and house the average family in America requires 31 percent of the average household income, Catlett said. This is the lowest cost in the world. In Japan, it requires 62 percent of average . . .
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