What does everyone think about where the US and the world are headed economically? Also, what caused this mess?
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.
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.
