Reply #69: After reading this thread...

[earth mom]

I have to say that it doesn't take an economist or an expert on the stock market to know that the economy is in deep trouble.

Outsourcing, unemployment (grossly underreported as it is), high fuel and energy prices, stagnant wages, predatory credit companies, spiraling prices for goods and services, the housing bubble, the millions of people who lack of health care with costs for it rising on a daily basis, millions of people living as the working poor, millions of middle class people living paycheck to paycheck with both of these groups being just one step away from disaster...all these things are indicators that this country is in BIG trouble. It doesn't take a rocket scientist to figure that out. :eyes:

We're close to the Great Depression 2; it won't take much more to send us over the edge. And I would say that the naysayers who don't want anyone to rock the stock market with talk of "panic" as what happened in 1929 are doing so for self protection. As long as people are blissfully unaware of how bad it really is, then some people can continue to make money in business and the stock market...ain't that right?

Things are bad. They are NOT getting any better and WILL get worse. Fasten your seat belts.