Not Ranked
"But the media has a lot of people worked up when their mortages, their life style is not affected. Why partake in hand wringing if you are not at risk?"
I agree that is why the market dropping is of no importance to everyone except the ones recession proof, but the next aspect of people not buying cars, homes, and all associated equipment will cause the bleeding, layoff's etc. My company annouced hiring freeze yesterday and organizational changes by December with those affected notified by January. It is a 40 billion dollar company, or should I say was, now probably 24 billion. GM layoffs are around the corner, I am sure Ford and Chrysler to follow.
|