A Little Perspective Please

[KRAM1]

Folks I have heard our current situation being described in the same terms as the "Great depression". OK, so maybe there should be a liitle perspective on a couple of things:

UNEMPLOYMENT: Great Depression 20-30% national unemployment from time to time

2008 - 6.1%

Past Due Mortgage Loans: Great Depression....approaching 50%

2008 - under 3%

Those were the latest figures I heard from a news cast yesterday. Pretty interesting perspective, wouldn't you say?

I do however, understand the depth of the current situation. It is not pretty, but it is not "doom and gloom" either. The American Financial system will withstand this "correction" ( smile here) and will emerge stronger. If you have a long term perspective on your investing, now just might be a great time to load up on the stocks of sound companies...and there are plenty of sound companies to choose from. Sleep well, this too shall pass! Just a bit of positive perhaps in a sea of negative media coverage.

I will admit, the above figures were from a newscast I heard yesterday...ahve not "confirmed them" one way or the other....but, thoufght the comparisons were "interesting" to say the least.

Now, have a GREAT DAY.....The great american stock sale is ON!!!!! Some "brave" folks will make a done of $$$$...I hope I can be brave enough to make just a little out of this in the long term. See ya, gotta go cehck the stock ticker!

[meangreendork]

This isn't even remotely close to a depression much less THE Great Depression. Don't get me wrong, the employment market isn't as great as it was in 2000, but it's not entirely impossible to find work (in general terms, as your industry results may vary). The mortgage crisis something that can be recovered from. I'm not sure if the great government buyout is best decision or not, but it's one of the few alternatives left to cover up for some MAJOR mistakes made in boardrooms and offices across America. But again, it can be recovered from.

[KRAM1]

By the way...when Pres. Reagan took office the unemployment figures were higher than they are today! Just some perspective folks...some perspective. The sky IS NOT falling!