Quote Originally Posted by Mr. KiDD
well think about it

The stock market would have to crash hard, and the way its going its not out of the question yet. We could see a monumental crash early 09 if the retail sales figures keep plummeting. That will cripple alot of businesses.

If FORD and GM go out of business, unemployment is going to skyrocket and the market will hit 5000 IMO which would be devastating.

At that point, we will be crippled, youll see unemployment hit 20%+ and people will have little choice.

God help us if we get attacked during that time.

Im not a doom and gloom buy, an i dont think itll happen, but all the signs are pointing to it, and if you think about it we are not that far off. Ford+GM Collapse, 1 more big bank goes under, dealerships close, horrible retail sales this xmas, and we are pretty much there folks.

Its really not that far off if you think about would COULD happen in the next few months.
i can totally see our situation getting worse before it gets better but most economist/history predicts we will start to swing out of this next summer.

we are going to bail out the auto industry b/c if we don't it will cripple the US economy; one of the biggest problems that needs to be faced is healthcare. GM has the largest benefit plan in the US and its killing them. unfortunately a lot of things have gone on way too long w/o checks-n-balances this is why we are where we are.

though the economy is slow you still see the giants doing ok - oil, walmart, etc retail is hurting b/c slow economy and low balling... places like circuit city can't compete w/ people like eBay, Amazon, newegg, overstock, etc... these places don't have to carry such overhead when their customers are basically buying from couple major warehouses, dropshipping, or direct buying.

we will be ok as long as people DON'T PANIC! the problem w/ americans is we are lazy, uneducated, and uninventive compared to other major growing economies.