Discussion in 'Economy' started by ozzmdj, Jul 14, 2009.
The Economy Is Even Worse Than You Think - WSJ.com
Right on to than sentiment
I know all kinds of people in all kinds of fields (with all kinds of education and long work histories) who are either out of work, scrambling to keep businesses going in these hard times, or tragically underemployed.
Had a small gathering of people at my place this Sunday to celebrate Bastille day.
Three of us realized that we had collectively about a million dollars worth of commercial real estate, we all own our own businesses, all of which need cash to keep growing (and if you're not growing you're dying) , and yet between the three of us we didn't have any real cash and our businesses couldn't borrow any, either.
We are, as they used to call it LAND POOR.
Times are hard and I see nothing happening that's really changing that status down here on Main Street.
Separate names with a comma.