FishyJoe on 20 November 2008
Like I said, this hasn't hit main street YET. You may not feel the effects NOW. And even if you have no debt and have done everything right, that still does not make you immune. I'm not saying that people won't or can't do well, but you're really knocking on wood when you say things will be fine and everything. Maybe it will be, but you never know.
I have a feeling a the people who say things will be fine have never actually lived through a bad recession. Saying it will work itself out sounds good on paper, but we really don't know how bad it's going to be and for how long. It could be a decade before we see a real recovery or it could be next year.
