Comments on: How are you feeling about the US economic situation?

By: chase

chase — Fri, 31 Oct 2008 12:45:24 +0000

i hate the world

By: rock girl

rock girl — Wed, 29 Oct 2008 15:27:05 +0000

I'd be lying if I said I didn't feel I touch of “I told you so”, as I've worked in the markets for years and I know what a scam they are. I don't own any stocks. I've been saying for a long time that once people pay off their debts – and that INCLUDES mortages – they should invest only in tangibles such as art, jewelry, antique cars – things they can enjoy. Gold coins are “real money” – a protection against the fall of fiat currency. If you must own stocks, they should pay dividends. Bonds and utilities – that's it. Anything else is rank speculation, in my opinion.

I loathe the Federal Reserve. And I detest the evil and incompetent Bush administration more than ever. The “bailout” has a lot of zeros in it – funny how there was never any money for all the health and education programs, and the social security fund was “empty”, but Ben Bernanke sprinkled his pixie dust and SHAZAM!!! all this money appeared from nowhere. If I were an American I would feel seriously ripped off. It's also kind of funny how a suspicious side effect of the bailout – which is supposedly for the benefit of the hoi polloi – is that the rich get richer – AGAIN. Personally, I think that the Wall Street criminals should get strung up, rather than walk away with millions in severance packages. Or even go on vacations to fancy resorts.

I guess I feel CYNICAL about the American economic crisis.

By: Amy Guth

Amy Guth — Wed, 29 Oct 2008 11:47:31 +0000

Fearful, yet hopeful that it steers our collective vision away from bigger houses, shoddily constructed and filled with mass-produced junk to simpler and more thoughtful lives filled with quality people, items and experiences.

By: Danielle

Danielle — Wed, 29 Oct 2008 03:24:53 +0000

If money is the root of all evil, and money is time then time is the root of all evil – the funniest thing about that is time is just something we (humans) invented, same with money.

By: Angela

Angela — Wed, 29 Oct 2008 03:11:22 +0000

I hope things work out for you.

By: alligator_kate

alligator_kate — Wed, 29 Oct 2008 02:51:12 +0000

Well said. I hope you are right.

By: Cobby

Cobby — Wed, 29 Oct 2008 01:56:06 +0000

I feel like the US economic situation is a wake-up call for everyone. My husband and I have been really anxious about the economy for the past few years so we've been taking serious steps to get our economic house as in line as possible (e.g. paid off credit cards, paying down student loans and mortgage early, maxing out tax-free 401(k) contributions and working to put 18 to 24 months worth of household spend into FDIC insured cash/cash equivalents). We still worry a whole lot about the security and stability of our jobs, but the companies we work for seem to be weathering the storm so far. We're just hopeful that we and our companies continue to perform well.

i'm even more worried though about the potentially negative long-term effects of the bailout on the US economy.

By: DanielleLaPorte

DanielleLaPorte — Tue, 28 Oct 2008 22:16:32 +0000

great point about a generational perspective. Pendulums swing….

By: Elena

Elena — Tue, 28 Oct 2008 17:40:35 +0000

I feel like I'm lucky I have almost nothing and thus nothing to lose! Life is simple this way : )

By: Cindy - Independent Calm

Cindy - Independent Calm — Tue, 28 Oct 2008 17:08:29 +0000

I agree with you Lindsay. I believe that the perpetuation of fear and anxiety is making all of this worse because we are attracting even more to be scared about.