Quote:
Originally Posted by Kevy Baby
This too shall pass.
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True, after thousands of stores are shuttered, tens of thousands of jobs disappear, hundreds of thousands lose their retirement through stock market instability (I have a coworker who is retiring that now realizes their stockpile isn't quite what it was 5 years ago), etc etc etc.
I'm seeing it at my job. I'm seeing us put a hiring freeze in effect, which means that empty positions will remain empty for now, meaning worse service, meaning more stress for those that stay on, meaning less jobs to be had in general. The hiring we absolutely need is going through still but that could change next year. Who's applying for the jobs? The flood of mortgage industry refugees, meaning it's harder for anyone to get a job. I see this and I think beyond my one specific instance to the countless instances across the country.
Yes, this all will pass, like floodwaters - with disaster in the wake.
If you think you aren't affected, you are wrong. You buy goods and services, you have a job of any kind, and you are affected. Perhaps not as badly as someone who worked for Countrywide and purchased an ARM, but still, you are affected.
I hate the fact that we have to regulate against stupidity. But we do. Stupidity is real and has obvious effects.