Recession coming? Hell no! Its here…..
Posted by kevinbrunt on January 27, 2008
Surely my dumbass wasn’t the only person in America that saw all this coming. Discussions among myself and friends over the last few months have almost exclusively been on food and energy prices, mortgages and credit card debt and just trying to make it. Ordinarily, topics of conversation were who’s doing who…fishing and hunting and work….good ol Central Mississippi topics,but with so many in our area struggling, conversation has changed to the more serious and somber topic of just getting by.
I had started paying closer attention a year ago after reading the government’s CPI numbers. Surely they jest, I thought. Inflation at less than 3%? Where the hell are they living? Then I noticed the fine print. “Excluding food and energy”. WTF!!!! was my immediate reaction. What the hell else matters to those of us living down here in the real world?
The first thing I had noticed, of course, was gasoline prices. Then it was groceries. According to Business Week, basic food staples, such as milk, eggs and bread were up 20% in the past year. Then I started paying attention to all this shit that was being automatically drafted from my checking account like INSURANCES! Homeowners up 10% in a year. Automobile insurance up about the same. Damn health insurance up 20% . Funny thing was my income was staying about the same. Well, really that ain’t a funny thing.
We aren’t about to be in a recession. We are in one. But, with a lot of us down here, recession is about to turn into depression! Kevin
