I have been seeing the uncertainly in the middle and upper middle class for some years in their uncertainty regarding the economy and the wild fluctuations with the stock market. Add to that the growing problems in the Middle East and uncertainty now has a major influence among the producers of wealth in our country.
If a third recession is coming during the life of my small business, it will be the end of my business. I can no longer kid myself; it is done anyway as of 12/31/2006, and all that remains is the mopping up for bankruptcy.
I do not believe in economic miracles that would counter what has brought us to were we are now.
Gee, I'm such a downer. Look around folks...a lot of hard working folks with a dream are going down in this economy.
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Originally Posted by Infinite_Loser
I never understood why people make a big fuss out of recessions. They're inevitable and will always occur after a period of inflation. It's like the ebb and flow of a tide-- It happens.
By the way, I could have told you last year that the housing bubble would end up bursting by the end of this year.
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We didn't have a period of inflation. Unless you are smarter than the Fed, the "bubble" is only being experienced at local rather than national levels.
You claim an economic knowledge and certainty that exceeds Greenspan's. I would be very interested in seeing your credentials.