Americans have been living on borrowed money for so long, both publicaly and privately and now its coming back to bite them.
And HappySqurriel is right, you can make good money in recessions, in fact fortunes were made during the depression, i'd invest heavily in Nintendo, they will benefit greatly from the recession, entertainment always does well and Nitnendo is close to a mass market price and has high appeal
Predictions:Sales of Wii Fit will surpass the combined sales of the Grand Theft Auto franchiseLifetime sales of Wii will surpass the combined sales of the entire Playstation family of consoles by 12/31/2015 Wii hardware sales will surpass the total hardware sales of the PS2 by 12/31/2010 Wii will have 50% marketshare or more by the end of 2008 (I was wrong!! It was a little over 48% only)Wii will surpass 45 Million in lifetime sales by the end of 2008 (I was wrong!! Nintendo Financials showed it fell slightly short of 45 million shipped by end of 2008)Wii will surpass 80 Million in lifetime sales by the end of 2009 (I was wrong!! Wii didn't even get to 70 Million)
