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Title: [Politics/Religion] Call me an idiot Post by: Spanky on September 30, 2008, 06:23:20 PM Seriously you can, but I have a question. And I need a good down to earth, back woods, good ol' boy type of answer.
What does this financial crisis mean to me? How will it affect me on Main street? I know this answer is complicated and no I don't expect a true answer that will cover all the bases. But for a layman like me what should I expect over the next couple of months. Especially the next 5 weeks. And please lets be civil, we have been very good so far. Title: Re: [Politics/Religion] Call me an idiot Post by: 1puttpar on September 30, 2008, 06:34:54 PM It's more detailed than this, but here are the basics. You can see the implications from all of these:
1. Higher interest rates and reduced availability on loans; 2. Lower rates of return on your personal investments; 3. Reduced level of government spending as governments and municipalities are affected. 4. Higher unemployment as companies tighten their belt. I could go on, if you want more detail, LMK. |