Depression not depressed..

[curmugeon]

The plan for the time after the crash...

This is some thoughts and points to consider after the economy slides
into a depression. You notice I didn't say recession, I said depression.
The last time we had a depression was when banks and credit got out of
control and as banks failed, everything went to hell, quickly. Right now
we have a system in the federal reserve to supposedly prevent that, but
we also have a federal government that is shaky economically.

What do you do when the jobs start disappearing? How many people can say
their job is safe? Have you got a safe haven to ride this out?

Comments

[monkeyone.livejournal.com]

I also think things are going to be pretty bad. I am really worried since I think my job, one that I've had for over 30 years, will disappear. I'm not at the age where getting a new job is easy.

I'll get severance and social security is just around the corner, but I can't last for more than a few years here in NYC. The cost of living is just too high and moving costs are high, too.

So, for now, my plans are to worry.

[n6vfp.livejournal.com]

I'm worrying, I think my job is safe, I'm sitting on a lot of project funds, I have a good retirement plan, and I'll play this out whatever. Best of luck on your end.