Out Of Money!

Most Americans out their have just stop spending their money. And I can’t say I don’t blame them, because I stopped spending too. And the GDP report that came out today proves this. We’re cutting back on everything you can think of. And more and more of us are asking ourselves before we buy it, do I need it? Are spending hasn’t been this bad low in about 28 years. We’re heading for national and world recession. And a lot of the worlds top economists say tougher times are still ahead. Wait till Christmas time comes around, retailers are not going to like this years spending. I know my families cutting back and a lot others are as well. If next quarter results are down we will be considered in a recession. That would make it two straight quarters of shrinking economy. Then that’s when the world markets will crash.

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This entry was posted on Thursday, October 30th, 2008 at 8:19 pm and is filed under Business, Careers, Economy, Investing, Politics, Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.