[rbg81]

I think the real recovery is going to take a while too. But color me skeptical when people start using phrases like “never” and “not in our lifetimes”, etc. I think that people will return to their spendthrift ways once times get “good” again. When I look around at my fellow Americans, I don’t see a whole lot of discipline or intelligence.

[dalebert]

no recovery......more bank failures...

[HerrBlucher]

Bummer man. However, with Obamacare coming up they may get their wish to die before they get old and it all be cool.

[Buckeye McFrog]

I guess one great lesson for all of us here is to trust your gut.

If you look at a house, and then see the asking price and your gut says “It’s not worth that much”...more than likely it’s not.

And when your town is losing population, not experiencing tremendous job growth, and salaries are not rising that much...yet you see $400K McMansions sprouting up in every field....be afraid, be very afraid!

[nomad]

Not to be “Captain Obvious” but the Christmas shopping season will be a major key.We`re going Galt this season. The key phrases are second hand and doing without to pay down what little debt we have left,as well as stocking up on consumables like non perishable foodstuffs.

[SunkenCiv]

the "Age of Thrift" is here

I've been living in the age of thrift for a while now, but it's currently 51. ;')

[muir_redwoods]

This boomer isn't against the wall. I have never carried much debt and paid off the mortgage early. While my "classmates" were leasing BMW's and using home equity to tour Europe, I was driving old cars and hiking in Vermont.

I have always lived frugally and saved my money. I have invested it conservatively(what else?) and now, a few months away from my 60th birthday, I am in good shape. It's true I am down a bit from a year ago but only about 15% and I can live with that.

Of course this just means that I am a target of opportunity for the Obamanauts because I am an evil rich white guy but I also invested in lead so I may not be as easy a target as they think.

[nascarnation]

The Dow fell 14 points yesterday. It could begin a major drop any day. That’s why our ‘Crash Alert’ flag is flying from our London headquarters.

anybody know what they were signaling a year ago?

or in March?

[Cindy]

Are You Looking For A Job?
This thread has been updated.
http://www.freerepublic.com/focus/chat/2306857/posts

[Tzimisce]

I think just about everybody outside of Washington politicians have their backs up against a wall.

[skipper18]

anyone who hasnt already physically secured gold isnt going to get any in a significant quantity.

all anyone has left is certificates.

the price of gold is rising because the great international currency crash of 2009 is getting going.

we’ll be back on gold by summer/2010.