January 22, 2008
This is one time that I wish I were wrong.
I kept doubting my prediction because business publications I read were optimistic and said that a slowdown is likely but a recession is unlikely.
I really want them to be right!
I think my retirement date was delayed at least 30 years as of yesterday. Ouch.
Thanks to the stupid banks who lend money to people who don't make enough money to pay back their loans. And thanks to Bush for having an expensive war that never ends and screws up the U.S. economy.
Posted by megabeth at January 22, 2008 09:07 AM
My biggest problem is people who are whining about getting an "ADJUSTABLE" rate mortgage. The first word should be a clue. It can change! I think it it is fundamentally wrong to bail these people out. I think everyone should be able to own a home, but I don't expect to be the one to have to pay for it.
Posted by: Howard at January 22, 2008 03:45 PM
As usual, responsible people have to pay to take care of the irresponsible.
Posted by: megabeth at January 22, 2008 03:57 PM
My fear for the USA is that we are becoming a nation of financial illiterates--at BEST.
Posted by: Stan at January 23, 2008 01:57 PM
What scares me even more is people who think they are financially literate but aren't. Carrying a lot of debt even though you can make the payments without worrying too much does not lead to financial freedom.
Posted by: megabeth at January 23, 2008 03:01 PM
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