On a scale of 1-10 how bad is our current situation?

[Drew07]

I'm a bit biased on the housing issue since the appraisal I ordered came in today and I'm well pissed off about the numbers so I vote 7.5. If a democrat wins office make it a 9.

 

[niceneasy]

eleven. this one goes up to eleven.

spinal tap

 

[Mvic]

http://www.house.gov/apps/list/hearing/financialsvcs_dem/roubini022608.pdf

 

[stinkyfelix]

I would rate it a 4. Things are not that bad, but it could get worse...

 

[HedgefundTrader2]

Quote from Digs:

USA banks on TAF welfare
Housing sick
un employment up
Talk of Govt to bail out house market by Pimco
Dollar sinking to all time lows
Inflation up


Easy : 8

In two years it could be a 10

Can I add few things to your list?

1/ Sky is falling
2/Titanic is sinking while the band plays on Creedence Clear water Revival
3/Real estate will never come back
4/Its all over now
5/ We are done
5/ Economy is tail spinning in a recession.
6/ I am entitled to everything which I donot deserve.
7/ I need a knight in shining armor coming to my emotional rescue

 

[upandcomer]

Quote from niceneasy:

eleven. this one goes up to eleven.

spinal tap

hahah, i agree only because that movie is amazing!

otherwise i would say 8 or so..

 

[Avid_Consumer]

Quote from Bingoking:

Where is all the money coming from?

the future?

 

[bgp]

8 going on 10

bgp

 

[scriabinop23]

Quote from MrDODGE:

1 would be a great booming economy
10 would be absolute disaster


I rate our current situation a 5.

how about a 3 ... 10 is the complete dissolution of currency and government regimes. you guys all seriously need some perspective.

 

[Bingoking]

Quote from Avid_Consumer:

the future?

Which may not be as bad as some think. We have been thru recessions before.

Interesting that so many candidates running for office paint such a bleak picture of the economy yet they are able to raise money by the boatload.