http://www.calitreview.com/forum/ Just another bbPress community en Sat, 21 Nov 2009 09:43:39 +0000 http://www.calitreview.com/forum/topic/financial-meltdown#post-58 Sun, 12 Oct 2008 14:16:48 +0000 fitler 58@http://www.calitreview.com/forum/ <p>I think it's going to be very serious and take years to unwind. Wall street's been clobbered, and Main Street is about to get the full impact. One of the important ways we're overextended is trying to run an empire when we can't even repair our roads and bridges. I'd rather we plan for shifting our focus to this country than have events overwhelm us and go that much deeper into debt. </p> http://www.calitreview.com/forum/topic/financial-meltdown#post-55 Sat, 11 Oct 2008 20:06:46 +0000 buckeye 55@http://www.calitreview.com/forum/ <p>What does everyone think about where the US and the world are headed economically? Also, what caused this mess?</p> <p>I fear we're headed for the worst downturn since the depression as people and businesses cut back spending. The money we're pouring in to fix the problem may help in the short term, but I believe that many dollars loose in the world will result in high, maybe devastatingly high, inflation.</p> <p>Home loans to people unable to pay them back may have ignited this crisis, but I think everyone - government, individuals and business - were overextended, and it makes it that much more painful to adjust and live within our means. </p>