THE NOTION THAT ONLY THE UNEMPLOYED AND POOR ARE EFFECTED BY THIS DEPRESSION IS TOTALLY WRONG...
EVEN IF YOU HAVE A JOB AND ASSETS YOU ARE IMPACTED BY THE DEPRESSION...
CONSIDER:
1. ABSURDLY LOW INTEREST RATES ON SAVINGS...TRASH SAVINGS PLANS...AS THE FED PURSUES A "RED ZONE" MONETARY POLICY THAT ASSUMES MONEY IS WORTHLESS...
2. WHICH MAKES YOU INVEST IN STOCKS WHICH GO NOWHERE...OR PLUNGE...BECAUSE CONSUMPTION IS PUNK...EVEN IF NOT FOR YOU...
3. IF YOU OWN A HOUSE YOU CAN'T SELL IT...EVEN IF ITS PAID FOR...OR WORSE IF YOU ARE UNDER WATER...YOU ARE REALLY WHACKED BY THE DEPRESSION IN THE GENERAL ECONOMY...
4. YOU CAN'T REALLY RENT YOUR PROPERTY IN MANY CASES...BECAUSE ANYONE WITH ENOUGH MONEY TO RENT WOULD PROBABLY BUY IN THIS ULTRA CHEAP BUYERS MARKET...AND IN GENERAL PEOPLE HAVE DODGIER INCOME STREAMS...
5. THE LABOR MARKET IS SO TIGHT THAT NO ONE DARES QUIT...SO EMPLOYMENT OPPORTUNITIES FOR THE EMPLOYED ARE JUST AS BAD AS FOR THE UNEMPLOYED...
6. PUNK SALES CAUSE COMPANIES TO CONSIDER OFF SHORING TO INCREASE PROFIT MARGINS...WHICH MAKES EMPLOYED PEOPLE MORE AT RISK FOR LAYOFFS...
7. YOU HAVE A HARDER TIME SELLING THE THINGS YOU SELL...BECAUSE ULTIMATELY EVERY JOB IS A SALES JOB... EVEN IF ITS IN THE BACK OFFICE...SOMEONE HAS TO SELL SOMETHING TO KEEP IT ALL GOING...
8. STARTING OR EXPANDING YOUR SMALL BUSINESS IN A DEPRESSION IS NEARLY IMPOSSIBLE...
9. PEOPLE WHO OWE YOU MONEY CAN'T PAY OR MAY GO BANKRUPT...WHICH EFFECTS YOU DIRECTLY EVEN IF YOU ARE NOT BROKE...
10. THE DEPRESSION DRAINS CONFIDENCE AND THE ANIMAL SPIRITS THAT DRIVE THE ECONOMY...AND THAT GOES FOR SUCCESSFUL BUSINESSES TOO...
EVEN IF YOU HAVE A JOB AND ASSETS YOU ARE IMPACTED BY THE DEPRESSION...
CONSIDER:
1. ABSURDLY LOW INTEREST RATES ON SAVINGS...TRASH SAVINGS PLANS...AS THE FED PURSUES A "RED ZONE" MONETARY POLICY THAT ASSUMES MONEY IS WORTHLESS...
2. WHICH MAKES YOU INVEST IN STOCKS WHICH GO NOWHERE...OR PLUNGE...BECAUSE CONSUMPTION IS PUNK...EVEN IF NOT FOR YOU...
3. IF YOU OWN A HOUSE YOU CAN'T SELL IT...EVEN IF ITS PAID FOR...OR WORSE IF YOU ARE UNDER WATER...YOU ARE REALLY WHACKED BY THE DEPRESSION IN THE GENERAL ECONOMY...
4. YOU CAN'T REALLY RENT YOUR PROPERTY IN MANY CASES...BECAUSE ANYONE WITH ENOUGH MONEY TO RENT WOULD PROBABLY BUY IN THIS ULTRA CHEAP BUYERS MARKET...AND IN GENERAL PEOPLE HAVE DODGIER INCOME STREAMS...
5. THE LABOR MARKET IS SO TIGHT THAT NO ONE DARES QUIT...SO EMPLOYMENT OPPORTUNITIES FOR THE EMPLOYED ARE JUST AS BAD AS FOR THE UNEMPLOYED...
6. PUNK SALES CAUSE COMPANIES TO CONSIDER OFF SHORING TO INCREASE PROFIT MARGINS...WHICH MAKES EMPLOYED PEOPLE MORE AT RISK FOR LAYOFFS...
7. YOU HAVE A HARDER TIME SELLING THE THINGS YOU SELL...BECAUSE ULTIMATELY EVERY JOB IS A SALES JOB... EVEN IF ITS IN THE BACK OFFICE...SOMEONE HAS TO SELL SOMETHING TO KEEP IT ALL GOING...
8. STARTING OR EXPANDING YOUR SMALL BUSINESS IN A DEPRESSION IS NEARLY IMPOSSIBLE...
9. PEOPLE WHO OWE YOU MONEY CAN'T PAY OR MAY GO BANKRUPT...WHICH EFFECTS YOU DIRECTLY EVEN IF YOU ARE NOT BROKE...
10. THE DEPRESSION DRAINS CONFIDENCE AND THE ANIMAL SPIRITS THAT DRIVE THE ECONOMY...AND THAT GOES FOR SUCCESSFUL BUSINESSES TOO...
