Posted: 9/29/2008 7:56:09 PM EDT
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This is one we should watch. Up till now they all have been up, which means consumtion was still happening. They were down across the board today(except for gold, whcih is understandable). If that continues we are in for a real slowdown (not collapse or depression) instead of a pseudo one like that last year. I know there will be a lot of gotchas in this thread. But, I watch the numbers not rely on logic not on how I feel. We have not been in a recession up to this point. I still don't think we are headed for a collaspe or depression. A recession is possible and maybe probable. I still am not worried and nor does anyone else need to be if you have no debt, mortage is less than 40% of take home, you live near work if possible and you haven't had more kids than you can afford. What I am worried about is the .gov won't change shit except throwing more money into the economy by not letting people hurt for bad decisions. So as usual it is .gov that worries me and not Americans or the free market. |