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When does the economy get bad? Just look over your shoulder. It's been sneaking up on us for quite some time. It really began getting worse when we started dumping money in Iraq. then the oil prices began creaping up. Now independent truckers are saying they'll have to fold.
It's a slow steady thing that has been happening and you can't even see it. Things look OK because everyone is still eating out and driving SUVs but they're living on credit and one day the walls will come crashing down. that's what happened to housing. Everyone was living on cheap loans and then the rates came due. No one had the money to pay or refinance, they lost their homes, supply and demand took over the market, home values fell and more couldn't afford their higher rates and their homes couldn't be refinanced. And here we are.
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If you're wringing your hands you can't roll up your shirt sleeves.
Stangers have the best candy.
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