Well, soap box aside, I blame a lot on the media. Just like the gas shortage scares after Katrina, and now the Swine Flu (yes, my 3 year old has it now and is well on his way to recovery all along with a 3 month old baby in the house... all doing fine) the mass media has manufactured fear for all. "If it bleeds, it leads" is the saying (BTW - What happened to the bird flu that was going to kill us all?). We get nightly updates on the "direction" of the economy. Personally, I see a lot of missed opportunities in the business I'm in due to stock shortages. Can't sell it if you don't have it. Anyways, I think the economy will creep back up, but nowhere near where it was. Like said above, once things start getting better the economy is going to have deal with rocketing interest rates (can't print all that money without some sort of recourse). If there was anything to learn from the late 70's, the only ones that will make any money are going to be the ones with money (ie 11% on a 1 year CD, etc.). The only difference between now and then will be the amount of taxes levied on the working class. The rich are only going to richer. Now when the interest rate problem starts to pan out (2-3 years), the majority of the baby boomers are going to start cashing in on their Social Security - which will be broke. It's going to be one glorious mess. Yes it is...at least we'll all have free health care.... Woo Hoo!
Last edited by Das Boot; 10-04-2009 at 06:17 PM.
Originally posted by gokenin 
Similar Threads 
