by 
LJAllen
ANSWERS: 15
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The economy is like a free spirit...it will go up and it will go down....right now it is down but not as badf as people might want to believe....if it was really bad...we would be buying loafs of bread at 300USD....but we aren't, so... its a good thing that the economy will eventually work it's way back to equilibrium.... Thank you...Michael out...
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I think that the economy is going to get much worse over the next year. As more people who purchased their homes with adjustable rate mortgages begin to feel the impact of higher interest rates, the number of foreclosures will increase. This also affects a whole segment of the economy that is based on home ownership, mainly creditors. They will pass their losses on to the average consumer in the form of higher fees or interest rates. This will then feed on itself and cause more foreclosures. Luckily, a balance point will be reached where creditors will be able to survive and people can still afford their mortgages. This is just one segment of the economy though. Echoes of it can be seen all throughout our economy.
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That depends on what economy you are thinking of. Which one?
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Gas prices at an all-time high and the dollar at a low like nothing I've ever seen? Are you kidding? I don't see how anyone can think it's getting any better in a situation like this. Oh and I forgot to mention health care costs at an all-time high.
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the rich will get richer and the poor will get poorer...and the middle class are taking it in the gut.
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It will get worse before it gets better....Xmas will be socks and t-shirts this year....
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It's gonna get worse :)
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Probably. I doubt it would stay the same.
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I think it is going to get much worse before it gets better.
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Worse, because everything gets bad or worse before it gets better. So who knows.
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i keep hearing that it'll get worse before it gets better. but for now i think it still sucks! but at least the gas price is down for the winter.
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Listening to people who know a lot more about it than I do it's going to get a lot worse!
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Depends on where your sitting as to how much worse it is going to get. If you are in the mid to high 6 figure income bracket things are still looking pretty much the same..actually better for some because they can pick up foreclosed properties for almost nothing and hold on to them until things get better, and then make a killing. ON the other hand, if you are in the low 6 figure bracket or lower.. it is bad and it is only going to get worse..the lower the income the more you feel it.
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Let's hope for the best!
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okay, we need to be positive, the economy WILL get better soon, it MAY take some time, but WILL improve!
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