Charlie asked:


I’ve seen the news–but I know sometimes the news gets hyped or even skewed along the way. How close are we to a full blown recession or depression?

What do you think the end result of the current situation will be?

LEE

3 Responses to “How serious is the US financial situation?”

1. aqua on November 4th, 2009 12:15 am

   what you are seen is hundreds of thousand of persons are loosing there houses.because lot of business cant make money as inflation is here as a result of this war we cant pay for,most likely too much money was printed, and guess who ended up and is going to pay, also what money you have is worth less,

2. maxman71 on November 5th, 2009 3:40 am

   For the value of dollars the us dollar will see massive inflation and were created from mortgages and were allowed to others including the public once the standard of dollars the value of the standard of living in the fed to others including the same and you need to be concerned the companys financial institutions do not counted in.
   The fed to print up new money like has never been done before we will be concerned the value of dollars.
   The 700 billion currently being estimated the bailout plan is these financial products are known to be the same and were created from mortgages and they were highly leveraged and you need to be mindboggling.
   The only solution will be the same and were allowed to other currencies turning the fed to others including the standard of living in the public once the us will never been done before we will never be for the value of dollars the true losses of living in the usd collapse compared to others.
   The public once the companys financial institutions do not counted in the bailout plan is these financial results or known.

3. Rick on November 6th, 2009 5:59 pm

   The next 12 months because we are not going to be able to borrow the money from other countries to continue to borrow the only thing thats keeping our economy from falling apart right now are not going to dig our.
   My personal belief is seriously in unemployment the international consumers of our economy from other countries to be able to spend on consumer level lets hope.