Saturday July 19, 2008, 2:43 pm
Noted. An interesting read....pretty glum. Taking a deep breath...my financial waistline is pretty tightened as it is...wonder where I may be able to tighten it even more.
Saturday July 19, 2008, 2:44 pm
The official word: We're not in a recession - yet.
The housing outlook: Grim. "Most economists think house prices must fall an additional 10 to 15 percent to get back to reality."
Banking: "The financial system looks substantially worse now than it did a month ago."
The job market: Unemployment will likely reach 6.5% by next year - hundreds of thousands more of us out of a job. (Bring on those H1-B visas, Gates, you jerk!)
The consumer: "Credit is going to remain tight for a time potentially measured in years."
Who's to blame: Principally, the Federal Reserve. It dominoed from there.
Great collection of easy-to-understand, straightforward information from a variety of authoritative economic sources.
A good question: If your waistline is already too thin, what difference does it make whether they call it a "recession?" It's still a "depression" to you!
Saturday July 19, 2008, 3:02 pm
Agreed, Carole...I rob Peter to pay Paul every month as it is...I can only say thank goddess the damn car has been off already...now, if I could only stop using my credit card to buy food half the time...of course, I live in one of the most expensive states around too.
Saturday July 19, 2008, 3:12 pm
"Just Carole" said it right when she said DEPRESSION".I am on a fixed income and no chance for an increase,not from SS disability.My car died and my hubby went blind.I thank God for care2 and its members for helping me keep busy doing something good. Thanks Cate! I look forward to your articles.
Saturday July 19, 2008, 3:28 pm
It's becoming a sad situation here. Things just keep getting worse. I don't know what the future holds for us. Thanks Cate.
Saturday July 19, 2008, 3:37 pm
Oh, the car it shot a rod,
And hubby's eyes don't work,
We're barely scrapin' by,
The president's a jerk,
Our savings is all gone
To pay the goddamned bills,
It's 45 degrees
No heat, I got the chills!
But there's pie in the sky
That's whut the TV says,
Some day bye and bye,
We'll have a brand-new prez,
Will he care, will he know
The troubles of the poor,
Or will he be another
One a them big business whores?
Saturday July 19, 2008, 3:37 pm
If we couldn't laugh, we'd all go insane,
to quote The Number One Parrothead his
ownself.
We've got some dark days coming up, no doubt,
and now's the time to prepare.....as best you
can.
Cate, eating a gun barrel?
Naah, not so much.
I'd rather take a few with me when "they"
come to get me.
Tis better to die on one's feet a free person
that to live on one's knees as a slave.
Keep the munitions, my friends.
The times they are a'changin'.......
have already changed.
noted.
You made the choice of food or med,
and as a result, you are now mal-fed,
You're thin as a rail,
pasty and pale.
But even though yellow,
you're broke, dumb and mellow.
Saturday July 19, 2008, 4:05 pm
I may be broke...but hopefully not dumb...and not nearly mellow enough these days - especially after that meat grinder of a story thread about NObama.
Saturday July 19, 2008, 5:39 pm
I'm firmly convinced that this is just the tip of the iceberg. It's probably going to be much worse than the first depression.
Saturday July 19, 2008, 7:24 pm
Sad, but well written ditty, Cate. Uplifting article, too....since we just put our house on the market last week. 4 houses within a 10-12 house spread, yet a HUGE new subdivision being built across a brand new 6-lane parkway behind us. *sigh* We'll all be living in boxes along the side of the road soon!
BTW, anyone want a beautiful home in Peoria, AZ, write me! :)
Saturday July 19, 2008, 8:21 pm
Very true, Tim! Considering the car companies are all going bust, we'd better treat those vehicles with a lot of respect. And hold on to those so-called classics cuz GM, Chrysler & Ford are on their last legs. Tell me, what exactly is actually "Made In America" anymore??
Saturday July 19, 2008, 8:48 pm
and they laugh at my 87 Seville....lol...the only problem I have is giving her up cuz she is a guzzlin too much gas.....can we add that to the song lyrics?????....LOL
