So gas prices are finally getting back down to normal, normal for 4 years ago that is. Here in Nashville the prices are finally at about $2.04. Surprising as in Kansas City they have been reported as low as $1.71 a gal. Used to be the prices here in Middle Tennessee were a few cents lower than what we were used to back in good old KC.
Unemployment rates are still high, and I just heard today that Circuit City is closing a bunch of stores. Supposedly they are closing 155 stores nationally. Is a REAL recession coming? We (the domocrats and smarter people) won the election. Obama has not taken office yet, but isn't the old saying that things usually get bad near the election and then get better?
We are launching our loan product at work next week and anticipate RECORD applicants. Ya know why, cause no one has any money. They are desperate. The holidays are coming and everyone still seems to be watching every dollar they spend.
Now I hear they (our trusty government) are working on another stimulus package to boost the economy. Ummm... hello, didn't we try that already? How is sending people another check for a few hundred bucks going to bring back 1.2 million of the jobs lost this year alone? How is this check going to ensure no more retail chains have to close more of their stores? Most people I knew didn't go out and buy a new TV with their last check; they bought gas or food at the local, you guessed it, "WAL-MART." So that is one giant that doesn't seem to be struggling, but that is for another posting.
I'm just so confused right now. With all the credit crisis, the housing crisis, the unemployment crisis... where do we go from here? I find myself very lucky to have a good job and making good money right now. I'm single, have very few bills and get by day to day with no problems. What about the other 90% of the country though?
Scary, is a REAL Recession on its way? Is it already here???
Saturday, November 08, 2008
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