How Bad Is It???

[spence]

Originally Posted by RIJIMMY

my take
think things are bad? you aint seen nothing yet. SAve every dime you can, prepare for months out of work. Sure I sound like a nutso, but as part of my job, I get to hear really, really smart people talk about the economic prospects and I have not heard one single speck of good news. And thats over the next 2 years. Housing prices still need to go down at least another 15%, think of the impact that will have on foreclosures, unemplyment is growing at a monumental rate.
I am suprised at how many people I still see shopping or at restaurants. Thats going to end quickly. The holiday sales will be abysmal, the stock market is going to go even lower.
Can you imagine if there is an international incedent in the middle of all this?
Please, take my advice - BE PREPARED. This may be the great depression you tell your grandkids about some day, no kidding

That's a lot of doom and gloom. I think things will still get much worse but this isn't going to be the Great Depression II.

Besides, if we all stop shopping that will make things worse!

Everybodies situation is different. People need to react as appropriate.

-spence