Can it get worse?

We are definitely in a recession and everyday decisions about how to spend money become more thought provoking. If you are a typical American living the American Dream, then things have turned upside down in the last 12 months. Your house has dropped a couple of hundred thousand dollars in value and you might be upside down in it like your cars. The next thing is your 401k and stock holdings have been decimated by 30-40% losses too. Maybe I am just speaking of the typical Californian. Lol.

Anyways, we all hope the economy will get better soon or at least not get worse than it is now. What will actually happen? No one knows but I think it is easy to say what will probably happen. Than main news coming out now are retailers are struggling with this holiday season to stay above water and the auto companies have put their hands out for a bail out. These are on top of the massive layoffs at many different companies. Chances are sales will be down, auto companies will get a bailout after Obama takes over, and more layoffs will continue.

I think it is best to find ways to make more money and develop new skills in case the job you have now cuts you loose. Will it get worse? Probably. Should you worry? No. Instead you should prepare for the worse and hope for the best. Cheers!

The stock market was down today but came back in the end.

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