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In total we see the US economy losing between seven and 13 million jobs by the end of 2009 representing a 5% to 10% increase in unemployment. Our forecasts during this crisis have tended to be on the optimistic side; steeper job losses cannot be ruled out, especially if other feedback loops intensify. For example, rising unemployment will lead to a further 20% to 40% decline in real estate prices as households lose access to income to pay mortgage debt. A further tightening of credit as the pool of credit-worthy borrowers contracts means even deeper losses in Wholesale Trade, leading to more unemployment, and so on.
ps. Before someone says move, that isn't an option right now though I am working on it.
Originally posted by kozmo
I don't recall anyone saying it was easy. I do recall other members speaking of sacrifices and difficult decisions and such. Money, albeit necessary to live within the societal norm, is really more of a hindrance.
Do you own now? If not, then what is the difference between renting here or there?
If you do own, could you sell it for a profit?
But I digress... making the decision to move for any reason is hard. making a decision to move and change your lifestyle is even harder.
Humans object to change and cling to the status quo - that is human nature. It is up to each of us indicidually to dig deep within ourselves and mine that which we hold most dear. For me, it is my child and her future.
Originally posted by Zarathustria
2012? Nothing will happen. The mayans believed that there were calendar cycles before their cycle, and there will be one afterwards. There is absolutely no evidence that they thought anything catastrophic would happen. That is complete slandor that has come from the mouth of ignorant people.
Stop worrying yourselves to death. Stop "preparing" for this thing that is happening. You won't have to run, you won't have to hide. Nothing will happen.
Originally posted by ravenshadow13
There has been, in the past week or so, a dramatic increase in these types of threads from different members.