Are we ready? Do you think we are headed in that direction? Will people be able to survive with out thier lavis life styles?
2007-09-23 13:27:57 · 15 answers · asked by sls60 2 in Business & Finance ➔ Personal Finance
Yes. No. Yes. Some will, some won't .
Yes. All the signs are there - everyone is over-extended, living on credit and hope, the economy is being propped up to the tune of billions, and GDP is falling, savings are non existent for a lot of people. Few have more than they need for the next week, let alone a prolonged period.
No. We are living the life style "Ce la vie" living for today alone. Being frugal or doing without are almost sins in our consumer driven society.
Yes. You only have to view the flow on effect of the recent stock market fluctuations to see the possible effects of a long term drop.
Some will, some won't. Those who are prepared (and few are their numbers) may do better initially but it will be those who are prepared to adapt, change, make do or do without, those who have skills that go beyond the electronic, that will do best.
Society will change, but how long that change last depends greatly on how well we learn the lessons this time around.
2007-09-23 13:44:22 · answer #1 · answered by Barb Outhere 7 · 1⤊ 0⤋
about 5 years ago, I started to fall into a really depressive episode. At first I thought it was only because I had a bad break from a relationship but the feelings wouldn't go away even after I got a new girlfriend. It was wrecking my life until a point where it was seriously affecting my work and personal life.
She was very worried but at the same time couldn't understand why I was still sad and thought that I still couldn't let go of my previous relationship. Being the wonderful person that she is, she put aside her feelings and suggested I go for psychiatric evaluation. Many months later and even more anti-depressants, I was not coming close to being better at all.
After doing some research online, I found out the real cause as you described it really makes a lot of sense and purchased this program. The results were simply astonishing. I read this book over three times and put all words in action. Using this method, I've kept my depression at bay ever since. Up to date I'm still living happily with my girlfriend.
Depression Free Method?
2016-05-16 05:51:52 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Ready for another Great Depression? That is an oxymoron. On the other hand, the first Great Depression was caused by the government trying to prevent a MILD recession. Given the policies supported by many politicians in both parties, the next one will make the first look mild.
2007-09-23 15:10:31 · answer #3 · answered by STEVEN F 7 · 1⤊ 0⤋
A great depression?!? - do you know what caused the great depression? We were on the gold standard and instead of shifting the gold from one country to another our government got scared and kept it - governement intervention helped to create the great depression.
Do I think we are headed for another - absolutely not - you can see evidence of our resilient economy after 9/11 - even after the second attack EVER on American soil and TWO wars - um the jobless rate it is lower than the average over the last 4 decades.
Maybe a recession - but those are expected every 9-12 years historically - it is a way of our economy to be correcting. Want to prepare for it? Pay off your debt - be educated, and provide knowlege or a service that people want and deisre and you will be fine.
2007-09-23 13:37:53 · answer #4 · answered by Professional in FL 4 · 0⤊ 2⤋
We are never ready for a depression, or even for a recession. However, we survive it. Here in Canada we are reveling in the fact that our loonie is now on par with the US greenback for the first time in over 30 years.
2007-09-23 13:36:29 · answer #5 · answered by Anonymous · 1⤊ 0⤋
Well just remember this, as bad as the depression was, the unemployment was, on average, around 20%. That means even during that never-before seen time of financial and economic crisis, MOST PEOPLE HAD JOBS. We will be fine.
2007-09-23 13:36:44 · answer #6 · answered by theseeker4 5 · 1⤊ 0⤋
No one is really ready for a depression. We will survive it, if it happens.
2007-09-23 13:32:54 · answer #7 · answered by Beau R 7 · 1⤊ 0⤋
with the confiscatory taxes from the pelosi reid regime and the ridiculous attempts at socialization of society...oh god yes we are...and we can surivive if the electorate wakes up soon and puts a stop to this madness.
2007-09-23 13:32:11 · answer #8 · answered by koalatcomics 7 · 1⤊ 0⤋
As ready as we're going to be.
Yes.
Except for a few morons, yes.
2007-09-23 15:53:32 · answer #9 · answered by worldinspector 5 · 0⤊ 0⤋
I'm not ready.
I'm pretty tight on money right now and I can't afford to be out of work any longer.
2007-09-23 13:30:47 · answer #10 · answered by I hate Hillary Clinton 6 · 0⤊ 0⤋