wonder how many hundreds of thousands of more jobs will be lost in the next report. I guess we will all like to eat at the soup kitchen soon. I will wear layers of clothes to not freeze to death. Poeple who think this is a recession are in for a rude awakening. People are maxed out on credit. People are maxed out on home equity and under in many cases. People cant pay the car/s off. Its going to be very very interesting.
I own all my cars outright and have several marketable skill sets. I have no significant debt.
I started working on this the moment the Dems won in 2006.
Yes,you are sadly right. This is being felt in the southeast as a little deeper than a recession. At least in a recession you have a glimmer of hope for a rebound. It’s not looking likely day after day of that happening.