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Reply to "Recession?"

quote:
Originally posted by gracieadeline:
my business is booming, and the wife STARTED a new business in Jan. that is doing well, too. Costs are way too high, but people are still spending money, so far.



gracieadeline, I'm glad to know that your wife's business is doing well. I don't like to see anybody fall, go broke, or lose their home. But many have. I think what is keeping most people going is for years now they have been working two and three jobs, speaking of the husband and the wife, so they can afford that home, car, and vacation. But I think, eventually, it's going to hit without any warning. Your business is doing great because people are working and you better hope they continue to work. You better hope their job doesn't decide to move to China or Mexico. The same thing happened in the Great Depression. The prices slowly went up and up until all hell broke loose. This generation and generations before this generation has not suffered the hard times that the people did in the Great Depression. I've been watching it and I see it coming. You soon will too.

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