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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (444533)	1/4/2009 7:20:22 AM
From: Road Walker	Read Replies (2) \| Respond to of 1572711

I wasn't discounting your position nor your experience. In fact, I trying to understand exactly where you're at......you are not very specific other than saying you are worried and you have never seen things this bad. Those people in that thread seem to be saying the same thing. Do you agree with them is my question? I have never read the thread. But I think what we are going to see are lots and lots of layoffs starting this week and going throughout the first quarter. That's going to start a cycle of more foreclosures, more CC defaults, more bad debt, more job loss. When or why that cycle ends is anyones guess, but I wouldn't be surprised to see 10-12%+ unemployment by the end of the year. Happy New Year. JMHO and I hope I am way wrong.