How do you feel?

[GoatLocker]

Originally Posted by Da Klugs

We are probably headed into "the great depression of this century". But what does that mean in todays context as opposed to the 1930's? Unless we see 25-30% unemployment it's hardly the same.

I heard some talking head today say "In the Great Depression people waited in line for apples. Today, people are waiting in line for Apple computers." I think people need to keep things in perspective. Even if we hit 30% unemployment using today's economic models, it's not the same as back in the 30's when most families had only one "bread winner". A significant portion of today's 30% would still have income via a spouse.

Hopefully, we will learn some lessons from this recession/depression and start living within our means, saving and preparing for lean times.

Myself? I'm stocking up on cigars!