hey everybody!!!
great thread!!
long story short
i own a buisness i bought back in 2005
i was doing great up until the bailout of October 2008
then the consumer panic button went off and the service industry took a turn
i have been fighting this recession for almost 2 years now and i am running out of cash to keep it afloat *shrugs*
my life is too short to keep swinging
are we in a recession or a depression??
i think we are in a recession heading towards a depression...why??
because i think wall street's greedy philosophy is partly to blame...i read an article a few years back that explains it fairly well...i am gonna go find it
do i think it is gonna happen in 2011??
i dunno
what i do know is that we will continue to be told "it is gonna turn around soon", but I don't see it.
here is the article *this is not the only one i based my thoughts on*
http://www.marketwatch.com/story/wel...ression-2-2011
i am all about SLOW MONEY Capitalism/Natural/Nuture capitalism
i feel it is a start