How does the Economy fear for 2013 ?

[Stephen]

I have been unemployed since January of 12 new year and all I have so much fear for the future I am only 20 but things are tough living at home still 0 work available college out of the question to expensive what will this new year bring us civil war people getting more upset then they have each and every day is a daily struggle even for the most basic things getting enough to eat is a struggle what are you're opinion's for the outlook for the economy?

[Anna Davidson]

most are scared of obama being president again

[slew]

Honestly we are not going to see much better. There might be a temporary spike, but we had it too good for too long. We expect to keep an unreasonable economy. 1950's was a good time because we had a huge trade surplus because the rest of the world was destroyed and had no factories. In the Late 60's when the rest of the world was rebuilt, we had competition and too keep up our lifestyle we started to go into debt. Now China hs been somewhate built up and now we have even more competition.

We have to pay the price of our huge debt, We will have to contend with The 401k bubble and social security falling apart. The low interest rate that we have been on for the last 20 years has prevente the housing market to recover. The low interest rate stole future buyers to help the current economy, but since people spent their money buying homes now, we have less buyers tomorrow. Also the low interest rate will cause the banks to collapse. In the past we had to bail out the banks because interest rate rose and bansk held alot of fix rate mortgages. This is now worse. Interest rate from the fed is zero. That is the rate banks pay to borrow money from the government. Interest rate for fix rate mortgage is now less then 3%. There is no where to go for the interest rate but up.
You are young, and more opportunity will come in teh future for you even though we have problems. There will be a major crash, but the real problem is because of market manipulation, Politicians prevent recessions which means there are fewer, but also means that the recessions are worse. The young haven't seen bad recessions so tehy over react to it. In the 70's things were far worse as for job market. It restructured our whole country and we no longer was the same. The one in Bush which effected me was bad but I survive. For the young there is a sense of helplessness. It always feels worse then it really is, and for you the feeling is even more disporportional. If you talk to people my fathers age or older they would call us all wusses, because to them our worse times is a joy compared to what he had suffered. This is no where like the depression.

sorry, I mean the recession from Bush Senior, not junior.

[krazykyngekorny]

---The REAL unemployment rate is 22.8% because that is how the government used too count the unemployed but since Clinton had been in office they kept changing the ways they count it!---

Same way the Sociocrats do ALL their statistics, like Al Gore counting votes.

[illegals r felons]

Yep, they extended the unemployment again, well now we can all go back to being couch lazy, and being supported by you fools that are working. Ha, what a great country, I don't even have to work and the government will support me. I love it !! Thanks