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the recession has been grossly understated as has recovery. they are hoping ol pop will jack up the cards & he and mama will hit the malls like never b4.
I don't understand how we can give all this money away to the banks and the big car makers and suddenly the economy is okay. I keep thinking the worst is yet to come.
And we're giving money to the IMF cause they're a bit low and we're still giving money to Iraq to rebuild their infrastructure. We're just giving money (we don't have) out to everyone in the world who asks.
If you Google the term "unemployment rate decrease" under news you will find that the rate of unemployment is in fact falling in many cities and towns in America. I think the bottom of the recession has been reached but of course this will be the slowest recovery our country has ever seen. I expect bad economic times for the next few years even if we are coming out of the worst of it. I expect a lower standard of living for most Americans from now on.
. I think the bottom of the recession has been reached but of course this will be the slowest recovery our country has ever seen. I expect bad economic times for the next few years even if we are coming out of the worst of it. I expect a lower standard of living for most Americans from now on.
You are expecting us to "bounce around the bottom" for a long time, opposed to a "V" shaped recovery....
I agree w/you 100%, I think the WORST is behind us, but w/the massive deficits in place, rampant inflation aroudn the corner, we unfortunately will not be prosperous for a long time.
Slightly off at a tangent (relates to housing market) and relates to the UK but check out the results of this poll for where public sentiment is right now:
Is the housing price slump over? | Metro.co.uk (http://www.metro.co.uk/polls/index.html?in_poll_id=15077&in_page_id=1 - broken link)
97% (last time I looked) think the worst is yet to come.
What are you going to do, give up and drink the poison kool-aid?
Buy some bullets and beer, then stake out for the wilderness?
No one knows what's going to happen till they look back and tally up the actual economic activity, so while you should always pay off your debts and save...it doesn't mean you have to become a monk and wash out your Ziploc baggies.
Anyone going to mention the upcoming Option-ARM resets? Think that won't hurt? Yeah, I'm going to agree with all the naysayers -- it's not over.
Can't find the report but it is expected that 75% will default. A few have hit, and fifty percent of those with arms and good credit are behind already. And don't forget commercial realestate and its current crash.
I see lots of nicely tilted words which don't mean much and lots of rah rah so far. Like you'd expect from politicians.
If it was coming back, I'd be able to find people who could pay decent rent.
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