All that seems to be on the minds of anyone you talk to (Except for Financial Planners of course) is the deepening financial crisis. The DOW falling below 7000 for the first time since 1997, the economy in Europe starting to "TANK" and companies cutting staff and or closing all over the country. Banks being nationalised, Huge Companies dissapearing overnight.
It just does not stop.....
So...
Are we in a Recession or are we sinking into a Full Fledged "Depression" which with it, comes "STAGFLATION" and other strange downward spiraling phenomonon??
I think it is the later.
Maybe "Obamanomics" will pull us out of this mess.
Or maybe the current administration wil finally usher in the "New World Order" of complete Government Socialism......
Stay tuned.
Read on for the current crisis on Europe...
Shares in Europe Slide, Asian Markets Are Calm - NYTimes.com
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