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Prepare for Fiscal Doom

pattibaby Wrote: Nov 15, 2012 7:47 AM

james ,you are right.they made their choice,their bed,now they can lay in it. for most people,just tighten your spending, shop discount stores,get all cleaning,laundry prodcuts at "dollar tree",been doing so for quite a while.half my xmas tree is from there,with xmas balls from michael's, jo-ann's , christmas tree and old time pottery. for groceries,check for buy one,get one. one can manage !! pl,orl,fla

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Bernard83 Wrote: Nov 15, 2012 8:24 AM

Just a word of caution Patti, All those bargains you mention exist because of surplus in our production. when times get hard there won't be ant surplus and no bargains. You should prepare to forgo the Christmas tree and stock up on stuff you'll need to survive.

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Prepare for Fiscal Doom

OK, perhaps doom is too strong a word, but then again, perhaps it is not.

In either event, 2013 is not shaping up to be a banner year for the economy. And it’s not just or even mostly because of the fiscal cliff.

Our financial system is not stronger now than it was in 2008 when it finally collapsed under the weight of crashing real estate prices that fell all the harder because they were ballasted by plenty of government guaranteed debt.

In fact, prepare right now for the Next Great Bailout. Because this time around, the federal...

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