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Christopher S. Penn's Awaken Your Superhero

Christopher S. Penn's Awaken Your Superhero
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2008 Recession or Depression is Likely

Started by Christopher S. Penn · 10 months ago

2008 Recession or Depression is Likely
I’ve been doing a lot of reading lately. Most of it has not been of good news and all of it has been about the economy. The economic issues that have caused disruption and disorder in 2007 - the credit crunch, housing bubble bursting, and high ... Continue reading »

4 comments

  • Michael Heister

    1 year ago

    Please be wrong. Please.
    reply
  • Matthew Ebel

    1 year ago

    Have I mentioned how glad I am that I create a product entirely from scratch, in the US, and export it to other countries? And that I don't have to drive unless I'm on tour? And that music has always been a valuable commodity even during the great depressions of human history?

    Now if I only had some cash to sit on, I'd feel a lot more confident about all that crap. ;)
    reply
  • Fast

    1 year ago

    A big bubble is always followed by a big bust. The bigger the party the bigger the hangover - then Depression sets in. Who started the bubble? Alan Greenspan.
    reply
  • UK Mortgage Broker

    1 year ago

    In the UK, we pay £1.20 per litre for petrol and £1.30 per litre for diesel, this works out at $10.50 and $11 respectively. People are really feeling the pinch but the government seems oblivious. 75% of that is tax, despite petrol prices doubling and therefore tax revenues doubling, the government are still hell bent on increasing the level of taxation, work that one out. Our housing market is also in trouble and there are several banks that are just scraping by, a deep recession will hit us very hard!
    reply

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