Anyone scared about the economic crisis?

[glatt]

Not here.

My job seems to be secure. We are very busy now, and have a remarkable amount of business heading our way in the future. The next year is looking very busy. We're having trouble hiring enough qualified people.

As a consumer, stagflation would be no fun, but we could tighten our belts and make do just fine for a couple years.

The market is run by a bunch of over-reacting nervous Nellies, and it's a shame. I don't like seeing my 401k go down as much as it has, but I'm still 25-30 years from retirement, so this is no big deal.

The only thing we have to fear is fear itself.

[aimeecc]

Originally Posted by glatt

The market is run by a bunch of over-reacting nervous Nellies, and it's a shame.

I read these articles that go something like this:
"The problem with the market is consumer confidence is eroding. The market is going to continue to plummet. Consumer confidence is gone. It wouldn't be as bad if there was consumer confidence, but the sky is falling and people need to bail out now but the problem is consumer confidence. Buy gold now, put all your money in safe saving but the problem is confidence."

Ok, so you tell me the problem is our confidence level, but then tell us the sky is falling? Its hard for consumers not to loose confidence and overreact.