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HackedB
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Should people worry if they have money invested in lowrisk stocks and bonds?
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Wil
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It is already in one, and anyone who has money invested is risking losing it. It meets all the definitions of a depression - decline in jobs (due to republicans relocating them overseas), biggest deficit in US history, crash of major banks and corporations, record inflation, foreclosures..
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North
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yes!! we will be there soon! take all your money and put it under bed!
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zofta2
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if the bail out plan passes and is put into action then no l do not think we will head towards depression but either way things are not going to be too nice for a while
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Coach
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l kinda have a feeling that that is happening now.
:P
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Kim
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Lostyo
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l thought we were already there
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Bobyer
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well use your little noodle and think about it. YES were already in one 5th q of the day thats jsut .. nevermindd
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Kickshaw
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Lemon
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My daddy says that what we are going through reminds him of when the depression took place. :(
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couzo
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us in depression?? yes.. l think so.
i wo not even keep my money in a bank anymore. after WaMu?? damn. lucky they were bought out- it would have bankrupted the FDIC l think. l mean thats what my professors have been tellin me
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Callaway
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absolutely. im worried and im only 15. wall street is insane, and it cost the us 7 billion dollars to save only 2 banks. out of the 10-15 that have gone down the drain.
whoever is going to be president is going to have to make biiiiig decions very quickly.
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Que
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Unfortunatelly it is already there. Most people were struggling before now their situation is even worse. It is very scary!
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Happy
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yes, tats what l heard about, since Warm is pretty much gone now or about to declare bankruptcy, my english teacher said the U.S may b heading for a depression but not one as bad as the great depression.
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krystal
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Yes.
The Bush bailout will make it worse than it has to be. Just like the Fed. 1929 bailout made that depression last 12 years.
It is only a matter of how bad at this point. The logic of keeping the people who caused the problem afloat with my taxes escapes me.
l guess we know just how much financial ''experts'' really understand though, do not we?
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Koenig
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''headed for''.???
We're there.it is just that no one will admit it.
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laser
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Well it might seem like a depression to alot of college kids and teens that are graduating in 2009 trying to get into college they will have it the worse.
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