Lots of money being lost at these stock prices. Lots of business not being done becuase of lack of credit etc... Seems to be getting worse not better.
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Of course.
Anyone with even a scrap of economic knowledge knows its going to get worse. The US is destined for almost a decade of recession or a depression once this big spendup is finished and the hundreds of projects need more cash injections ... just look at Japan in the early 90's ... they did the same thing and got smashed for it.IW
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My 401k makes me want to barf but other than that I'd say I'm fairing pretty well. I was lucky enough to buy my house in '03 so even with the way home values have crashed, provided I could find a buyer, I could still offload it for a profit.
Maybe it's just people blowing through their tax refunds, but things seem to be on an upswing around me. Restaurants have been crowded and I've noticed people seem to be spending alot more- or at least it seems that way to me when I've been out shopping, places like petsmart, target, etc.
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It's going to get worse. I just keep throwing money in my ira etc and don't look at how much it is losing since I'm only 26. I'm being smarter with how much I'm spending on new advertising and such as I just don't have the funds to keep testing out new sources right now as ratios / sales keep getting worse.Comment
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gold, that's right way
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get ready for the pogroms
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The fucking crisis keep it thinking too much....Comment
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The crazy thing is life is just going on as normal. Not sure what you guys are seeing but only some neighborhoods are really wracked by foreclosures. There is a city near Minneapolis that tried to make the banks fix the houses up before they could be sold and destroyed their local market. I grew up in this neighborhood so I know the history. This house was built in 76 or so for 50k and went through 225k around 2005. I made an offer of 65k and am waiting to hear. How crazy is that?Comment
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A few people are saying we're fucked. Load up on guns.
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Who won't make panic on this crisis. Everyone is feeling nervous even the richest people think about this major problem that we're experiencing at the moment.
I think we just need to think positive and we shouldn't lose our hope.
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Don't fret about it. The key is stepping back, reexamining your model from the ground up, and adapting to the climate. There is money to be made in any economic condition, and peoples performance in the tougher times makes the cream rise to the top, and the crap sink to the bottom.Comment
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