Omg, omg, it's finally coming down. For three years I've been harping on an economic disaster and finally it's here. What do people think about all this? Am I exaggerating?
Well, every time there was a downturn, I thought of you ;-)
I dread to see our retirement statement at the end of the month. Really will hate it. Non-invested me thinks that the piper is about to be paid. Below 10K. Just wow.
Now if China calls in any of its debts, the take down will be complete.
God forbid China takes further action. I don't have a vegetable garden and I'm too old to bike everywhere.
I'm sorry--it's so worrying. I hope that some of the things that have been dividing people might begin to seem unimportant and foolish. After the hurricane people were forced to hang out outside their houses, visit with neighbors for information, and help each other out a little. That gets old fast, but who knows what the future will hold?
There hasn't been much news about China's opinion of all of this, maybe I just haven't found it. America is so vulnerable right now and knowing how we are so indebted to them financially made me wonder. Not that they would do anything, but if they wanted to, boom.
People won't worry about it until they are affected. I have heard stories of friends of friends around here, but mostly people here just are judging people who lived beyond their means. There is never talk of the big wigs who deregulated, and encouraged those who didn't know better to get such mortgages. That drives me nuts.
The most interesting thing I've read about China is that they can't afford for us to go down the toilet, because they're so invested in us. I think it's all one big ball of yarn. To mix a few very odd metaphors.
Just speculation, but it seems that the worst started with Hurricane Katrina. (How is your area doing now, by the way?) That's about the point when the housing market cooled off, and the dominoes started falling.
We're doing well down here. Almost every has all their utilities, damage is being repared, and people who've been hurting lately now have jobs in building repair and storm cleanup. I hear they're going to build more refineries here, which will bring in a ton of jobs. It's weird to know that the oil and gas problems will keep us in work. There's not a great deal of downturn here, although places like car dealerships are hurting very much.
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I dread to see our retirement statement at the end of the month. Really will hate it. Non-invested me thinks that the piper is about to be paid. Below 10K. Just wow.
Now if China calls in any of its debts, the take down will be complete.
I pray Obama wins.
Reply
God forbid China takes further action. I don't have a vegetable garden and I'm too old to bike everywhere.
I'm sorry--it's so worrying. I hope that some of the things that have been dividing people might begin to seem unimportant and foolish. After the hurricane people were forced to hang out outside their houses, visit with neighbors for information, and help each other out a little. That gets old fast, but who knows what the future will hold?
Reply
People won't worry about it until they are affected. I have heard stories of friends of friends around here, but mostly people here just are judging people who lived beyond their means. There is never talk of the big wigs who deregulated, and encouraged those who didn't know better to get such mortgages. That drives me nuts.
Reply
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Just speculation, but it seems that the worst started with Hurricane Katrina. (How is your area doing now, by the way?) That's about the point when the housing market cooled off, and the dominoes started falling.
Reply
We're doing well down here. Almost every has all their utilities, damage is being repared, and people who've been hurting lately now have jobs in building repair and storm cleanup. I hear they're going to build more refineries here, which will bring in a ton of jobs. It's weird to know that the oil and gas problems will keep us in work. There's not a great deal of downturn here, although places like car dealerships are hurting very much.
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