Dow Below 10,000: A Psychological Downer

Yes, Virginia, We Are In A Depression!!!

The excesses of many years cannot be remedied overnight and to downplay events using such terms as correction, recession, etc... is foolhardy, we are in a DEPRESSION both financially and mentally. With our portfolios tanking we continue paying for the cell phones affixed to our heads, Ipods in our hands, MP3 players on our belts etc... how many people in America are complaining about the economy while continuing to waste money on toys??? The secret is to wake to reality before it becomes morose by adapting and overcoming in advance thereby averting personal upheaval. By simply eliminating the monthly fees on our gadgets and instead depositing that money into a savings account we can rebuild America's economy while protecting ourselves from financial disaster. We are in a depression as we have negative growth and hyper-inflation thus meeting the definition of a depression. By taking simple steps we can manage to make it through but EVERYONE MUST SACRIFICE!!!

Ray Fisher of NM @ Oct 07, 2008 10:46:59 AM