I think we should all be very worried. The banks have stopped lending money and hundreds of businesses are going broke every day. It looks to me like the economy is on the brink of collapse.

I was in town yesterday and I hardly saw anyone spending money. This time last year the shops would have been packed. Now a lot of those shops have packed up and closed.

cyberkitty cyberkitty
3 Responses Feb 23, 2009

I'm really worried now, still haven't got a job. Am cutting back on spending.

In one sense it's a good time to look before the prices rise again. It could be hard getting a mortgage though.

I am really worried to. I work for a company that has never had layoffs - they are now laying off 20% of their staff this year. We had to reinterview for the jobs we have. Yeah - and my retirment is never going to recover ...