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However, if you watch most of the market factors it appears the worst may not be over? I mean, come on, $4 a gallon for gas, rice being allotted in sams clubs and costco, it seems to be scary times.
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Aplogies for going off topic but I'm happy (well, maybe not happy) but glad that someone is bringing this up. My wife and I right now own a condo and we have for a while been keeping out eyes open for a suitable house. We do okay salary wise, but we do live in a very expensive area. We really like where we live and have easy commutes to work so naturally this makes it tough for us to find a halfway decent place that wouldn't put a tight squeeze on us financially. But anyway, lately, I have been harboring some real concerns about the economy. I'm only about to turn 31 so I'm still pretty young in terms of economic awareness. But it can't remember when I've oil and gas prices rise at the rate it has for the last two years or so. Prices of food as well. Oil is well over $100 a barrel and and $4 a gallon at the pump is now a reality and it we're still a month away from Memorial Day. It seems like the news just gets worse and worse. I do realize that the media thrives on perpetuating fear, but still some things you can't make up. Granted, the sky still hasn't fallen, but does anyone think it is possible that the U.S. could in the not too distant future, or is on the verge of suffering some kind of very significant financial collapse? For example, with energy the way it is, I feel that another Katrina scenario could have some very severe economic ramifications. Am I the only one who feels this way? I'm not an expert in this type of thing so I would be interested to hear some other opinions