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08-01-2008, 06:03 PM #1
How bad could the U.S. economy get?
As an offshoot of a post regarding the bankruptcy of a restaurant chain in the U.S., and knowing that there have been what seems like a steady wave of "disposable income" type of businesses either dramatically hurt or shut down completely by the sagging economy, foreclosures left, right and sideways and.....given that I am NOT an economist, and wish I knew more about economics, I'm hoping others who are more knowledgeable or keep up on this area will have some input here.
I'm not looking for a finger pointing thread pitting one administration's errors against another's.
How bad could the economy get? What kind of timeline? Why? Does anyone have any projections they can share?
I don't think of myself as a doom and gloom person, but I'm ready to batten down the hatches now from what I've already seen first hand around me.
Chris L"Blues fallin' down like hail." Robert Johnson
"Aw, Pretty Boy, can't you show me nuthin but surrender?" Patti Smith