Pinching pennies: Consumers switch brands

re: Pinching pennies: Consumers switch brands

Rachel Rose — Wed, 15 Oct 2008 22:52:30 GMT

People PLEASE! Some of us are hard working (middle class) homeowners that have really never seen a downturn before (I am 26).

Can NO ONE offer me a ray of sunshine, here???

re: Pinching pennies: Consumers switch brands

william — Wed, 15 Oct 2008 22:06:55 GMT

the last depression lasted much longer then it was given credit for the loss of monies it took until 1954 for the real value to be reached . This one will hit hard this spring and last at least 6 years maybe longer i don't see how it will be recovered sooner . The market will level off at around 6500 to 7000 ,wow , cant believe im writing this . saw bad things 2 years ago but was slow on the uptake didn't move into the bond markets until 9 mouths ago and still have lost 20 per cent .however, i would of lost 65 per cent . people with low debt will be o.k. not great or good just o.k. all consumer prices need to come down 30 to 36 per cent until then we will all suffer . hope is all we have and the middle class will shrink by 70 percent .

re: Pinching pennies: Consumers switch brands

Dave — Sun, 10 Aug 2008 23:19:16 GMT

I think the problem in this country is that too many people have been living beyond their means, and it has finally caught up with them. Unfortunately, we are all suffering, whether it be investors, businesses, or personal consumers, because of this group of people who want it now, whether they can afford it or not. We "boomers" might be partly to blame, by giving our kids too much when they were young, and they have expected that all through life. Things will work out, and those of us without a lot of debt will emerge from this better than before, as the market will explode to the up side, when we work our way thru this.

re: Pinching pennies: Consumers switch brands

peter — Thu, 07 Aug 2008 17:55:41 GMT

I agree with dan the US will have a depression. I believe we will hit a depression in 2009 and if we are lucky will last for no more then 3-4years. It's going to be a wake up call on the midddle class. If the middle class allow the rich/elite to take over America with corporate greed they will pay the price. No union = depression. Don't believe the propagandists corporate elite with their anti-union talk. Unions made America strong and big buisness ruined it. That is a FACT.

re: Pinching pennies: Consumers switch brands

dan — Thu, 07 Aug 2008 17:51:42 GMT

As the current recession turns into a depression people will be even more tight with cash. This depression will be hard on many Americans. Many will find themselves living in a tent city or sleeping in a government parking lot.

re: Pinching pennies: Consumers switch brands

Miriam Armada — Thu, 07 Aug 2008 02:18:15 GMT

check this out