nietoperz wrote:The American Dollar is in a lot of trouble right now. As far as I know £1=$1.9, which is a pretty poor state of affairs (unless you're a tourist, in which case now is the time to go to the US and shop 'til you drop).
The banks took a huge hit on the subprime mortgage thing, oil hit $100 a barrel, a report came out about the state of U.S. manufacturing (needless to say, it wasn't pretty), etc.
It's looking more and more like we're heading into a bit or a recession, despite the President saying "all the economic indicators are good"
They said that before the Great Depression too.
On the other hand, there's a lot of people screaming "the sky is falling". I think it's the sort of thing we'll recover from fairly quickly. We were bound for a recession anyway. This country just had about 15 years of unprecedented growth. At some point that's gonna come back down to earth.
And the silver lining is that it's a great time to invest for the long term.