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Thursday, April 30, 2009

Dark days ahead

I see a permanent change in standard of living as people become poorer. My prediction of ghost malls that seems so silly a few years ago is now all the rage. With a major pandemic and an economic crisis, store sales will be way down.

Expect a permanent reduction in wages as our economic crisis gets worse... OK, even persons with college degrees will be hit hard by what is coming, because now more than ever people need to prepare for drop from a serious economic recession into a deep depression. For example, after the stock market crash of 1929 and false rally of 1931 by 1933, US unemployment numbers had soared over 25%, one quarter of the population out of work.