BellaOnline Forums Money Abundance & Wealth How confident are you in the American economy?

Are confident are you right now in the American economy?

I know economists believe the economy is always going through cycles. Do you think that's what's happening now?

I do think that's what's happening to a certain extent. However, oil prices going up and the home loan problem is putting a more far reaching slant on it.

I just saw a thing on the news tho that said until about the last 10 years nobody bought a home as an investment. Usually they bought a home to live in and sold it for little more than they paid for it. There was no thought that our homes should be a "cash cow."

Also, I think the fact that credit is so easy to get, or was anyway, has changed things. People don't live within their means anymore and it's bound to catch up at some point and come crashing down for them. Credit cards are a relatively new addition to the economical mix so it's hard to say where that will lead.

I agree with Joan. This is a new phenomenon -a dual mix of inflation/recession. The so called leaders of this country have blundered by their greed & stupidity to get us in this mess.

There are deals & money exchanged that caused this inbalance.

If they want every thing to cost so much they have to then raise the income levels of majority or put a freeze on high gas & electric prices.

Perhaps some trained in economics can understand this.

Many people have money & are doing well but what about the companies & people who aren't? The economy will perhaps always go through these shifts but I feel an imbalance is happening.

I've found that several business owners I know are worried about the economy.

Do you think there are certain industries or businesses that are recession proof?

salon industry is pretty safe. People need to look their best when they have a job and when they re looking for a job

I work at a medical place, so I feel fine. I will feel even better when my $600 hits my account......

If I were not in a medical place - I have to admit, I am not sure where I would want to position myself.

I used to work in call centers. In addition to being people-burnt, I also moved on as soon as we started training people from India to take our calls and do our paperwork.

I think, no matter what you do, you can use your talents to turn your business to something that. I'm promoting various products that seem to sell well no matter what. Also, I find people are more interested in the work at home opportunity side of businesses too. They'd like to make a second income to supplement right now or at least make enough to pay for their own products.

I would think in an economic down turn, lots more people would like work at home opportunities.

Our Computer Repair & House Services are doing well!

I believe Americans will always bounce back no matter what!

Do you think some businesses/professions are recession proof?

There definately are businesses that are recession proof! I'm getting many new clients for both the home services & computer repair.

I bet car repair is doing well too! I heard the libraries are now popular again & the book stores are slowing.

How about discount stores & inexpensive food?