The Great Depression

[kass_rants]

Okay. Listen up! I don't care what the media has been screaming about. This is NOT another Great Depression. I'm going to explain to you why.

Kass's Top Three Reasons Why This is Not Another Great DepressionThe Great Depression began with the crash of the stock market in October 1929 (the crashes are always in October...). Many investors

Comments

[gwenyfhar]

Hi Kass,
I'm going to repost this in my LJ. I had made a post about "What Can I Do" last week that lists the same things you list to do, but the three reasons about this not being a Great Depression are what I want my other friends to read. My industry is not feeling the effects of the financial crunch right now but I'm working as a consultant for Big Blue on a contracting basis. Usually contractors are the first to go in a big economic crunch. I've still got my job and the word last week was it could go a few more years b/c of the amount of work we have on the project. Of course nothing is guaranteed. But I'm spending, saving and investing (diversified) as usual.

Thanks for all this great info. I read all the time but may not necessarily comment.

:)
Jenni

[kass_rants]

Hi Jenni. I'm glad if I can help. But instead of reposting, can you link to my post instead?

[gwenyfhar]

linked.

[kass_rants]

Thank ye kindly. =)

[kateslover]

I'll do likewise if that's OK.

[kass_rants]

Absolutely! I write these to help people understand this crazy economy. The more people who read what I write, the more people I can help. =)

[kateslover]

Done!