Man I hope this stock market drop is only a short term thing and it recovers. This is not good for our economy
the economy has to go to utter shit before it gets better. it isn't bad enough yet for things to improve. fatfuck americans can still buy mcdonalds and big screen TVs. once they cannot do this, then panic will ensue. consider this the parameter to set an alert for
IMO it's not really fair to rip on americans..
Canadians, Auzzies, all euro people do the same shit. The amount of people in my country that have debt that is 200%+ of their income and still keep buying TV's, computers, Ipads, spend $500 on a night on the town....
I AM THE 1% I HAVE ZERO DEBTS.. I have convinced a couple friends to atleast hold hard assets at least.