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Old 10-09-2008, 05:35 PM   #12
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Wink Re: What Really Happened to Our Economy and the Transitions Ahead

I believe the main changes that will occur is fixed pricing from the Federal Reserve and higher prices in stores. We are in an inflation recession that could borderline a depression. Let's hope that doesn't happen.

The banks are insured by the FDIC, but they are being bought out and consolidated. We may see a rise in job losses and less ability to get loans for cars and houses. Retirement funds will be jeopardized.

I am not an economist. Maybe someone else can help add to my information.

Fellow Avalon Economist Skilled Members please give your input.

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