If you have money and a job/skills you'll be OK. 1930's style depression? No. Not gonna happen. Just take care of your own personal finances and situation and you'll be fine. Can't worry too much about the macro.
If you have money and a job/skills you'll be OK. 1930's style depression? No. Not gonna happen. Just take care of your own personal finances and situation and you'll be fine. Can't worry too much about the macro.
probably true because the Fed will accept inflation over a 1930's style depression anytime.
problem is, the inflation could also get out of hand and turn into Germany in the 1920's
If you have money and a job/skills you'll be OK.
you mean like technical skills? maybe computer programming or such which is supposed to be the jump from industrial worker? OOPS!!! those jobs are being outsourced to India or they are bringing in H1B's to undercut the wages
and the buying power of savings is going in the sewer.
1930's style depression? No. Not gonna happen.
probably true because the Fed will accept inflation over a 1930's style depression anytime.
problem is, the inflation could also get out of hand and turn into Germany in the 1920's
If you have money and a job/skills you'll be OK.
you mean like technical skills? maybe computer programming or such which is supposed to be the jump from industrial worker? OOPS!!! those jobs are being outsourced to India or they are bringing in H1B's to undercut the wages
and the buying power of savings is going in the sewer.
I think we are talking a severe recession, massive job losses and a very slow recovery.Here is a table from a Motley Fool article (It's Much Worse than You Think) that outlines some interesting scenarios
Total % Decline In Housing
% Mortgages With Negative Equity
8.4% (Today)
13.5%
15% (No Recession)
21%
30% (Recession)
39%
I think we are talking a severe recession, massive job losses and a very slow recovery.Here is a table from a Motley Fool article (It's Much Worse than You Think) that outlines some interesting scenarios
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