louisgray.com - Latest Comments in louisgray.com: The Financial Markets' Downturn Hitting Home

Re: louisgray.com: The Financial Markets' Downturn Hitting Home

charlieanzman — Mon, 15 Sep 2008 10:27:03 -0000

Louis - Noticed this post on Friday. My immediate reaction was 'this could be just a few days before it's time'. Personally, not too concerned with tech which has held relatively steady, even this morning. The silver lining that nobody seems to be talking about (as opposed to the last 3 so-called Wall St meltdowns) is that the middle class got a huge 'bonus' the past two weeks. Oil down, gas down , and yes, mortgage rates are finally declining (significantly).

Re: louisgray.com: The Financial Markets' Downturn Hitting Home

CraigK — Mon, 15 Sep 2008 10:25:32 -0000

This is the reality we live in now and sacrifices are going to have to be made by everyone in order to balance their lifestyle. The cost of living is just as high if not higher but the declining economy is having an effect on everyone. Economies work in cycles and if we are at a low point right now, maybe individuals have to be more conservative with their finances before things pick up. Hopefully the economy swings sooner than later.

Craig
www.budgetpulse.com

Re: louisgray.com: The Financial Markets' Downturn Hitting Home

ChangeForge | Ken Stewart — Mon, 15 Sep 2008 00:04:49 -0000

While it's not fun, and certainly not glamorous, this is a reality that has been sinking in at the ole' homestead lately as well. Uncertainty seems to permeate the very air we breathe, but I see strength in certain markets.

What I am most concerned with is the inability for our economy to shake this stuff out. I suppose there is a leveling effect that must take place - a need for our economy to right itself from years of over-spending and over-stocking...

I can only assume this as I watch technology job after another go away or go overseas. Is this simply a passing storm, devastating to witness the morning after - but full of hope for what tomorrow will bring?