Thursday, October 2, 2008

The Next Great Depression?

Normally I live my life with the understanding that the media loves a good drama and to take everything they offer with a grain of salt. But the economic news the last couple of weeks has been truly alarming. (See my blog I need more things to worry about!)

What happens to a family who works very hard, ties up their assets in things like a house and property and retirement investment accounts, if the bottom of everything they trust falls out?

Maybe this...(I apologize for the embedded ad, but the news item was powerful)


asecrettobluebamboo said...

I hadn't seen that clip. I am terrified. We are watching our 401k's dip to unimagined lows, and my husband works on commission. We have cut back on everything we can, and it's still not enough.

It must get better. The alternative is unimaginable.

Stephanie said...

It is definitely frightening. I don't remember a time when I was so worried about the economy. It has to turn around soon!

Jenn @ Juggling Life said...

Wow. Powerful is right.