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#16
11-13-2008, 09:08 PM
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People with money are sitting on the cash waiting for something they can invest in and not be taken for a ride.
The Banks are not loaning money because they have increased the cash on hand to cover any run on the bank. The amount of jobs that will be lost due to Ford and GM shutting down or large cut backs will funnel down to all the smaller suppliers and then you will have a depression that you cannot recover from with any amount of bailouts. We have seen layoffs in all job markets ( with more to come) on the west coast except areospace, but that can be just around the corner as poeple stop traveling. The best position to be in right now is debt free and hang on. I think our worst fears have come to past and we are just waiting for someone to put a fork in it. I sure hope I am wrong. 
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