[quote=kewp][quote=paramount]From Cramer:
3. Enough of the hysteria: there will be no depression.
[/quote]
Oh great, its a sure thing now.
And according to shadowstats, we’ve been in a recession since December 05.
I have to admit, it sure doesn’t feel like one. Things are slowing down a bit in the city, but businesses still seem pretty busy.
Is the worst yet to come?[/quote]
I think how it feels depends on your circumstances. One of my grandfathers made his fortune during the depression. The other saw his ivy league education get thrown away because he graduated in 1930… no jobs.
If you have a job you probably don’t feel it. If you’ve recently lost your job, you know how few jobs there are out there.
My husband’s an architect, recently laid off. Look at the aiasandiego.com website for their classifieds… Typically there would be dozens of job ads. Now there is an office sublet and someone selling drafting tables and printers. It’s grim if you’re unemployed.
