tag:blogger.com,1999:blog-3184575347466163757.post2934023071011742775..comments2023-07-03T08:51:01.209-05:00Comments on What Powderfinger Said . . . Observations on Life in the Dying Empire: Off a CliffAnonymoushttp://www.blogger.com/profile/00111660094586126379noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3184575347466163757.post-19064239928683883922008-12-11T04:19:00.000-06:002008-12-11T04:19:00.000-06:00Why, thank you, Julissa. I appreciate your nice co...Why, thank you, Julissa. I appreciate your nice comment. Please do keep reading, and you might tell others who might be interested in my random ruminations. :)Anonymoushttps://www.blogger.com/profile/00111660094586126379noreply@blogger.comtag:blogger.com,1999:blog-3184575347466163757.post-59732074778802907352008-12-11T03:27:00.000-06:002008-12-11T03:27:00.000-06:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3184575347466163757.post-20826581876051731762008-12-10T02:50:00.000-06:002008-12-10T02:50:00.000-06:00There are a host of problems we have to work throu...There are a host of problems we have to work through over the next ten years. <BR/>Just dealing with the number of institutions now deemed " too big to fail " is going to take our best minds. <BR/>I mean, it is quite possible the lion's share of the $ that were to go to Soc Sec and Health Care may end up being diverted to Bank of America, so you are on your own.<BR/><BR/>I think there will be a momentary upturn by 2010 or so. Not necessarily long lived, but an upturn.<BR/>This would be the time to get out, while the getting is good.Montaghttps://www.blogger.com/profile/00017648070522030951noreply@blogger.comtag:blogger.com,1999:blog-3184575347466163757.post-39153723615028399232008-12-09T15:02:00.000-06:002008-12-09T15:02:00.000-06:00Do any of them know what they're doing? I fear not...Do any of them know what they're doing? I fear not. I think this plummet we're witnessing is just the beginning, and I don't think we're going to be pulling out of this so-called recession in six months. I don't think we're going to see the end in sight even then. Our economy is prone on the ground, with about three spears in its gut. Life support is what's going on now. Doesn't sound like future fun ofr you. Unfortunately, you could be a poster child for all of American in your situation with your parents.Anonymoushttps://www.blogger.com/profile/00111660094586126379noreply@blogger.comtag:blogger.com,1999:blog-3184575347466163757.post-76779130238964385512008-12-09T07:16:00.000-06:002008-12-09T07:16:00.000-06:00One of the problems I am having now is the fact th...One of the problems I am having now is the fact that the Office in charge of such things has recently stated that we have officially now been in recession since December 2007.<BR/><BR/>So......<BR/>even though an actual Recession might last another 6 months, what we have is muddied by:<BR/>1. Credit Freeze<BR/>2 Destruction of Confidence and Trust.<BR/><BR/>Combine this with continued loss in housing values, and it's totally impenetrable.<BR/>Consider this 1 small aspect of the problem: how to pay for care for your aged parents now, since their $600,000 condo is worth $100,000 IF a buyer could be found.<BR/><BR/>Future Fun.Montaghttps://www.blogger.com/profile/00017648070522030951noreply@blogger.com