Loading...-
raves +1 posted Oct 09, 2008 03:08AM GMT
Answered None of the above
We are headed for a whole new kind of animal. It hasn't been named yet, nor its outlines fully glimpsed. There are earth changes, basic energy, food, water and religious/political issues. It is a churning, steaming cauldron of change, and if we don't do it, it will do us. The financial issues are a chimera, really. We should just skip right through them and get down to the reality. -
raves +1 posted Oct 08, 2008 05:02PM GMT
Answered Undecided
im not headed for a depression...maybe the rest of the world but not me.ive been able to cope with being broke....and i still love my life alot.im not the type of person that would hang myself if the stock market crashes and food becomes hard to get a hold of. -
raves +1 posted Oct 08, 2008 11:58AM GMT
Answered no
Yes, as Magzilla says, we are already in it. The soup lines haven't arrived yet. But unemployment will be on the upswing as too many things have already occurred in credit, housing not selling, consumer spending way down, banks failing daily, the stocks down below 10, 000. This is not a correction. I've been through a bunch of those. -
raves Oct 08, 2008 01:18PM GMTso what is to keep the market from rebounding and thousand to be put back into 401ks and people getting loans again and so on? Many of the foreclosures were simply loans that should NOT have been given in the first place. It is NEVER as good or as bad as the press makes it out to be.
-
raves posted Oct 08, 2008 10:34AM GMT
Answered no
I think it's important that we (globally) have faith.....that said, it appears to be time we think about what's really important. Family, friends...communities and a little less about ourselves. Whatever the outcome, I hope we can all pull together and extend a helping hand to those most in need. -
raves +2 Oct 08, 2008 02:07AM GMTPeople have started to lose their job, people are losing their homes and property, people are extremely in debt, a depression doesn't start when EVERYONE is in despair, it starts smaller and much earlier and most people ignore that. It isn't important until the problem directly affects an individual and that is a huge source of the problem.
-
raves posted Oct 08, 2008 12:46AM GMT
Answered yes
i was thinking about this the other day and i do believe that we are. during the last depression people hadnt pulled together when the trouble started and that is a reason why we had the depression and now people arent pulling together when they need to be and so i do think that we are headed for another depression. -
raves posted Oct 08, 2008 12:40AM GMT
Answered Undecided
Who could know, but I just read on yahoo that the country of Iceland is on the brink of bankruptcy, in the news in past few days the german banks are in trouble, & on & on, so it seems like not just us but the entire globe has BIG financial woes,...all I can say is that I've not seen anything like this in my time on the planet until recently,... -
raves +2 posted Oct 08, 2008 12:35AM GMT (edited)
Answered no
Only if you are 'wealthy' by paper standards (buying on credit, uncertain investments, bad investments), then you might be in serious trouble. Are there problems? Oh hell yes, but I don't think it will be 1929 all over again.
Whoops, meant to select None of the Above, but was busy placating kitty!
![ShineFloyd [Ninja]™ Chi-Kung](http://images.sodahead.com/images/profiles/0/0/0/0/2/0/3/5/3/profiles_iconofloyd2_0414_817705_media_small.jpeg)
Answered yes
We are already in it.