Comments on: The Face of a New Depression http://earnwhatyouspend.com/2008/11/the-face-of-a-new-depression/ A finance blog discussing earning, spending, and all money matters. Thu, 17 May 2012 18:42:13 +0000 http://wordpress.org/?v=2.6.2 By: William http://earnwhatyouspend.com/2008/11/the-face-of-a-new-depression/#comment-78 William Tue, 18 Nov 2008 15:54:49 +0000 http://earnwhatyouspend.com/?p=498#comment-78 Exactly - confidence, confidence, confidence! It's hard to do when all we feel like we hear is negative news, but we'll certainly start to bounce back soon enough. Exactly - confidence, confidence, confidence! It’s hard to do when all we feel like we hear is negative news, but we’ll certainly start to bounce back soon enough.

]]> By: Steve http://earnwhatyouspend.com/2008/11/the-face-of-a-new-depression/#comment-77 Steve Tue, 18 Nov 2008 15:02:17 +0000 http://earnwhatyouspend.com/?p=498#comment-77 I couldn't agree more that we're not in for another Great Depression. Some of the systemic collapse that occurred then couldn't happen (or at least shouldn't) now - bank deposits are insured, unemployment insurance exists, etc. We will see bad times but they will take a far different shape than massive unemployment; probably the most likely result will be the "hidden" costs of people working two jobs, or working longer, or moving back in with parents, etc. You're absolutely correct that one of the biggest impediments to growth now is that everyone is feeling a sense of doom. Hopefully a change of the faces we see on the TV talking about the crisis will help starting in January. I couldn’t agree more that we’re not in for another Great Depression. Some of the systemic collapse that occurred then couldn’t happen (or at least shouldn’t) now - bank deposits are insured, unemployment insurance exists, etc. We will see bad times but they will take a far different shape than massive unemployment; probably the most likely result will be the “hidden” costs of people working two jobs, or working longer, or moving back in with parents, etc.

You’re absolutely correct that one of the biggest impediments to growth now is that everyone is feeling a sense of doom. Hopefully a change of the faces we see on the TV talking about the crisis will help starting in January.

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