This is already old news, but yes, it's recession time on a global scale.
Personally we are not really affected by it, and from what we hear and read, it affects less than 10% of the active population....but granted, in some areas that percentage might be way higher and I can imagine that people who are hit hard by the recession really have to endure hard times.......where's the welfare society? Or is it an utopia?
Despite the gloom and doom....and whatever that our government leaders are telling us like : "spend wisely, recovery is just 'round the corner".....one can't get rid of the feeling that this is a bit more serious and the current economic system needs some major overhaul...
Oh well, let's see how this all develops in the next few months.
To counter all the negative headlines clobbering our mindset, some marketing dudes try to twist a positive note into this issue.
"Bankers flee mortgages"
Good point.....it's the bankers bloody fault of making this a big mess after all......I guess bankers are not such a hot 'commodity' anymore during these times.
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