nightsurge on 02 December 2008
| kowenicki said: @ nightsurge Oh ok. So you are right and those economists and analysts from Deutsche Bank and UBS I met last week are wrong.... I'll let them know. This is the worst since the thirties and it will become apparent over time. Do you even realise what has gone on to prop up the world economies? If the action of the FED, European Bank and the Bank Of England hadnt been taken... we would now be in total meltdown. |
I should have mentioned that I was refering to the US economy, not global economy. Over here in the US, it is bad, but has been worse in the 60's/70's especially. A bad economy can be driven deaper by those that take it in a pessimistic manner. In the US, especially my area, the economy is still rather stable, and in no way is it threatening to go Great Depression on us any time soon.
If worse times come, then they come and I'll deal with them then. But for now, my job is stable, my familie's jobs are stable, our wealth isn't tied to stocks in any way, we have a good deal of savings, so we shall be able to ride out anything for a good while.
