 NY TelPremium
join:2004-04-09
Smithtown, NY
kudos:3
 ·AT&T CallVantage
1 edit | Economy 101 This is starting to get scary now. Unemployment is up, companies are continuing to cut, cut, cut and not spend.
Maybe it's not quite a depression but it appears to be getting worse.
Or is it just the media?
Having SECOND glass of wine.  |
|
 vonage
join:2003-11-29
Parlin, NJ
kudos:1 | ECONOMY 101 I Want My Bailout Money by Michael Adams the Health Ranger
»www.youtube.com/watch?v=dnT21hmlT4o&eurl
--
"Banking establishments are more dangerous than standing armies." Thomas Jefferson |
|
|
|
 JeffreyWilpon please sell the MetsPremium
join:2002-12-24
Long Island
kudos:3
·Vonage
 ·Optimum Online
| reply to NY Tel
Re: Economy 101 said by NY Tel:This is starting to get scary now. Unemployment is up, companies are continuing to cut, cut, cut and not spend. Maybe it's not quite a depression but it appears to be getting worse. Or is it just the media? Having SECOND glass of wine. My grandfather used to tell me stories about 1929, and how life was. How he had to drop out of school at the time to do anything for $ to pay bills to food. After the crash, that generation saved, saved, saved. My Grandfather bought his first new car in 1976 at the age of 68.
A few years before he died, he was literally amazed that everyone around him had some sort of debt; not debt for a house, but mainly credit card debt. He didn't understand it.
I don't think it's the media. I think 2009 isn't going to be that hot of a year.
--
"Honesty may be the best policy, but it's important to remember that apparently, by elimination, dishonesty is the second-best policy." - George Carlin
[my ramblings] |
|
| said by Jeffrey:My grandfather used to tell me stories about 1929, and how life was. It really puts things in perspective doesn't in Jeffery. |
|
