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    03/08/2010: It has been a while since I logged in and gave my thoughts about the condition of the
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    10/23/2009: Yes, its my fault and I shamefully admit it. I don't know all the major players in Wa
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    08/27/2009: You don't have to tell me that things are bad out there. Everyone knows that things a
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    09/21/2009: Surprise, surprise, the answer is NO!! That is my position from watching college educ
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    05/21/2009: My job is brainless. I sit and do hand-eye coordination maneuvers with small precisio
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    10/06/2009: You see them everywhere people with signs and bible verse with sayings like Marriage
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    03/08/2010: It has been a while since I logged in and gave my thoughts about the condition of the
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  • Franchises Nude vs. Semi-Nude vs. Boudoir Photographs
    05/07/2009: Miss California (Carrie Prejean) has been accused of posing for semi-nude photographs
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    07/09/2009: Well now that summer is in full swing here's Warcorpse with a list of mutants that on
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    06/25/2009: I’m striking a blow for closing the gender gap. No, I’m not campaigning for equal
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  • Go Green Alright A-holes
    11/16/2009: First thing I would like to say in this post is to all the go green assholes that pro
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  • Health & Fitness READ THE HEALTH REFORM BILL!
    08/12/2009: READ THE HEALTH REFORM BILL! CLICK HERE FOR THE FULL BILL Look at what is in the Bi
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    11/19/2009: The schools used to be a place where you learned and got ready for the real world. No
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  • Husbands am i crazy? ......or is it not double standard when a man can walk out on the kids but damn if a woman does it she is horrible!!
    02/03/2011: A man can walk out the door with the clothes on his back!! Leaving kids wife or whate
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    03/08/2010: It has been a while since I logged in and gave my thoughts about the condition of the
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  • Investments High School Graduation: The Limos & The Lemons
    05/16/2009: I wish somebody would explain to me why kids aren't better educated these days. I don
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    09/12/2009: Many complaints have been made against the educational system, HOWEVER what most peop
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  • Marriage One Man One Woman ONLY! What a crock of shit
    10/06/2009: You see them everywhere people with signs and bible verse with sayings like Marriage
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  • Medical Warcorpse is back with some woman who just needs to accept reality
    02/03/2011: you know I know that losing a loved one is hard, I know that. I know it's a crappy fa
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  • MLM Fake it 'til You Make It (or better yet, DON'T)
    02/25/2009: The other day I got a phone call, out of the blue. There was the nicest gentleman
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    07/14/2009: But the key question here is will you? ILYBC (that’s the way the hipsters do it) is
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    11/22/2011: You are not born stupid. You live to become smart or not. People who do not try to do
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  • Oil We Could Be The Richest (and thinnest) Nation in The World
    05/21/2009: My job is brainless. I sit and do hand-eye coordination maneuvers with small precisio
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  • Parents What the hell is wrong with the schools
    11/19/2009: The schools used to be a place where you learned and got ready for the real world. No
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    06/08/2009: MOUNTAIN DUDE'S MOSTLY OVER THE TOP REASONS WHY PEOPLE LIVING IN DRY STATES SHOULD CO
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    04/25/2009: I'm not sure how many of you know but a few days ago Rebecca Sue Taylor tried to sell
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    01/28/2010: I've lived in five states since my divorce and have rented a place to live in each on
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    01/15/2012: How to make your ex boyfriend return is nоt hard at аll but at thе ѕаme time you
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    05/14/2009: Here's another batch of morons that I can do without The people that think Walgree
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    08/05/2009: Yes a man who was light years ahead of his time penned this opening to one of the MOS
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    11/19/2009: You know for the first time in my life I think that I'm actually floored. On PBS arou
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    01/28/2010: I've lived in five states since my divorce and have rented a place to live in each on
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  • Schools Does College Make You Smarter?
    09/21/2009: Surprise, surprise, the answer is NO!! That is my position from watching college educ
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  • Seniors Here's a solution
    10/19/2009: You know every time I pick up a newspaper or hell even go on here someone is complain
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    05/11/2010: This is about something that I am generally experiencing quite a bit in my life.  Th
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    10/28/2009: OK, something has been bothering me. I’ve seen it all over the news here in Philly,
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  • States Strong Arm Tactics
    11/13/2009: "I don't care". Those words were spoken to me by an agent of the Colorado Dept of Rev
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    08/05/2009: Yes a man who was light years ahead of his time penned this opening to one of the MOS
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    09/12/2009: Many complaints have been made against the educational system, HOWEVER what most peop
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    09/12/2009: Many complaints have been made against the educational system, HOWEVER what most peop
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    05/20/2009: Next month analog television will come to an end and the era of digital television ta
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    09/12/2009: Many complaints have been made against the educational system, HOWEVER what most peop
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  • Terrorism We the People
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    07/24/2009: I'm glad to see that Minnesota weather is finally back to its usual shenanigans. The
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  • Universities and Colleges Gates open to racism and Obama stumbles in!
    07/27/2009: It’s been a while since I’ve been here to spread my insights of great ponderence,
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  • What Say You ? Auction 2012: How The Bank Lobby Owns Washington
    01/31/2012: Auction 2012: How The Bank Lobby Owns Washington Visit msnbc.com for breaking n
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  • Wives Summer-izing the lawn
    08/12/2009: A "winter lawn" they call it; that means it looks lush and green in the winter.  In
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  • Women Another group of morons to watch out for
    11/13/2009: Warcorpse here with yet another group of morons and idiots to watch out for as you go
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IS A RECESSION AROUND THE CORNER?

26. September 2008, 17:47Economics ProfRobread comments 2 Comment Here: Write a comment

No matter what the bailout settlement is life for the average family and business will change forever or at least the foreseeable future.

Credit is going to be tight and unless you really deserve credit you’re not going to get any.

During the heyday of easy credit and rising property values folks would borrow against equity whenever they wanted some cash. To build and addition to their home, a down payment on a new car, a vacation; those days are gone. There is very little equity left for most people, even the ones who were responsible since their properties value deflated while their cost of living has gone up.

With less money to spend businesses can expect to see sales dropping leading to a loss of jobs which means we are headed for a recession at best, possibly a depression.

  

2 comments:

  1. nyguy
    NYGuy, 23. November 2008, 16:09

    You are correct.

     
  2. butlerguy1990
    butlerguy1990, 28. February 2009, 19:01

    Why can’t people actually see the truth. Absolutely dead on with this one.

     

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