Oh god, the idea of that is worse than economic collapse.
You guys are forgetting this is not just a USA thing. It's a GLOBAL thing. Todays bloodbath will roll right through the Japanese, Hong Kong, China markets, right on through India and Russia to European markets and it will all start over tomorrow. There is NO good news on the immediate horizon to stop it.
well the good news is that the weekend is coming up
Oh, come on now .... Obamessiah will be elected and everything will be right with the world. Keep your chin up, salvation is on it's way!
It could be worse. A woman could cut off your penis while you're sleeping and toss it out the window of a moving car.
What have we really lost? A bunch of electronic numbers. The markets will settle at some point. I'm not sure where that is, but when they settle and find a bottom - and they will - we only have up to go from there.
Yeah, companies are going to go under and thats going to raise unemployment, but we'll rebound. And we'll learn some lessons that need to be learned. The fact is that as a society we've lived beyond our means for a long time and the market is going to correct for that but once it does we'll start growing once again. And maybe this time we'll grow in a smarter manner.
Oh, come on now .... Obamessiah will be elected and everything will be right with the world. Keep your chin up, salvation is on it's way!
For the record, you're the first to bring politics into this thread.Oh, come on now .... Obamessiah will be elected and everything will be right with the world. Keep your chin up, salvation is on it's way!
Maybe people will finally learn to cook again.
Breaking News: Mcain suspended his campaign again and is on his way back to Washington to straighten this mess up.Oh, come on now .... Obamessiah will be elected and everything will be right with the world. Keep your chin up, salvation is on it's way!
i wouldn't be surprised.Breaking News: Mcain suspended his campaign again and is on his way back to Washington to straighten this mess up.
Manny, Retirement/investment accounts have lost 50% of their value since the start of the year. These are not electronic numbers, these are real dollars. After today about FOUR TRILLION dollars. gone. *poof*
You just have no idea how bad this can get. It translates directly to jobs...
I'm in a pretty recession resistant business but 90% of the businesses and jobs out there AREN'T. You work in a restaurant? You're ed. Retail Sales? ed. car sales? ed. Homebuilding? ed. The only things even remotely safe right now are infrastructure jobs and health care.
Yeah I'm down about 10k in pay this year and 15k off my best year here. I have no shortage of customers no shortage of people wanting to buy but very few can secure financing. If it gets any worse and I start to lose the volume of customers attempting to buy I'm going to be in real trouble. Thankfully I'm about to get a tax return in a few month that can pay some stuff off and lower my monthly cost of living. This is no joke and I'm hoping it levels off where I can at least be functional here. I'm expecting it to take about a year and half to recover once the bottom hits so who knows when that is.
Old people and people with credit borrow off their 401k. When they lose money they lose their leverage.
My Boss at work tried to talk me into some 401k with a company called valic back in 1997.
I told him if i can't see my cash i don't want it going to wall st. I told him to buy gold it was around 275.00 an ounce.
Even health care has slowed down some. I think more for the specialty fields end of it. We were slower this summer than we have been in the past.
I think people who haven't met their deductibles aren't gonna go to the doctor unless they really need to.
The Amish life is looking dam good right about now. To think our lives are based upon a room full of Investors.
Of course, you probably smoked that gold as soon as you got it.
I agree with all of this, but even a bad recession does not spell doomsday. This is not going to be the great depression again. We can produce food too easily, we have technology that is going to make things a lot easier and we have a general infrastructure in this country that hasn't been hurt in the slightest.
Yes, there is going to be a lot of hurting, but its not going to be another great depression.
I agree that it's not going to be another great depression but it will be a prolonged recession that will drastically reconstruct the world as you have known it since you were a child. This is the time that people that have real world skills will do well and those that have been bumping along in a credit driven service industry "job" will really suffer.
I resent that
The Life Coach economy is in the tank.
I sure ing hope CC throws me a bone and gets me a job.
You can clean up his horse's poop and clean their pool.
We'll have to kill CC's horses for food so thats out.
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