Are we headed for a depression?

Yeah I"m not sure what's happening to the economy now these days. I remember when you could take your car to the gas station and fill it up with $20.00. Now I wouldn't even dream of that. I see that trucks are being discontinued with GM now too because of the loss of business. If I didn't have to drive 40 minutes to get to work everyday then I would definitly buy a scooter forsure! My hubby mentioned about two months ago that the cost of wheat was going up because the crops were not growing so well and they were having a shortage. I've noticed just recently that groceries are so expensive as well, not to mention everything else too. The only thing that I don't see increasing is my wages at work. My friend and I opened a home daycare on the 2nd of July to help our incomes and it's been alright so now I"m working two jobs at this time.

Yesterday we paid $4.55 for a gallon of gasoline. I went to the grocery store last week and the prices keep raising. I don't know when this is going to end but it feels like it will continue here in the USA for a long time.

In Illinois and surrounding states, I think we are. The banks' greed has caused many to lose their homes and now the banks are bogged down with empty houses to get rid of. Gas is outrageous and our lovely leader will do Nothing About It. Independent truckers are unable to fill their tanks...any business that invloves transportation is feeling the pain too. The airlines are in trouble. Jobs are far and few. Builders and contractors are practically jobless. The value of the dollar has dropped. I think we are headed for big trouble. T he terrorists are probably laughing, just watching the U.S. get weaker and weaker. How much man power do we even have left here in the states? Not much when the govt. is thinking about reinstating the draft! I am ready to get the hell outa here.

I don't want to think that we are headed for a depression. Sometimes a rumor like that gets started and then becomes true. lol We are far too dependent on foreign oil, that's for sure. It's the price of gas and the natural disasters that occured that are causing our prices to go up here in the U.S. We had crops that just didn't make it. Plus with all the flooding in the midwest this year I look for things to get worse here. I, too, have thought about scooters. I mostly ride around town anyway. I work just a mile from home. I would do more walking but I have back problems. So a scooter would make sense to me. And I won't pay $3 for a loaf of bread! I will make my own or not eat any. I'll just tell myself that the carbs are bad for me. lol

Well I think it is definately safe to say that this nation is already ina recession. The prices keep on rising, but the salaries are remaining constant. The United States already had a massive debt befor Bush took office, but since he took office it has grown dramtically from useless spending. This "war" is costing us a great deal of money, and I don't think it is a fight that can be won. You are right diesel prices are absurd and the price of food is steadily rising. Another problem is the unemployment. I mean working multiple jobs would help, but good luck finding them.

Well I believe we are already in the beginning of a crisis and unless God will intervene we are really heading for a bigger crisis. But in the midst of all this crisis, I trust that God's promises. I know He will never leave us nor forsake us and I hold on to his promises and that what makes me calm in the midst of everything.

this is a very scary thing we are going through right now. Prices are rising but our salaries are staying the same. Im working two jobs and dont make nearly enough to last me until the next pay check. And nothing is worse then worrying bout whether or not youll have enough money to keep you going. This is just reiduclous, everyone is getting to be too greedy. The government has to stop enforcing all these dumb taxes, and there has to be something done about gas prices. Its getting to a point where people cant afford to drive to work and can't afford the necessities. Pretty soon everyone will live in poverty, and no one will be able to afford anything.

I wouldn't say a depression but things are really tight right now for everyone. It seems like gas is going up all over the world and right now people are waiting to see if it will go up or down. Along with the gas, the cost of food is going up as well. That is something else to see how one thing changing has change everything else. Gas up and so is everything else going up too. If the world is in a crisis have to wait and see what the rest of the year will be like before that could be said. Maybe things will level out by the end of the year. Right now things are on a waiting scale to see if it will get better or worst.

First, wow, where do you live in Canada, 152.9. I live in Calgary, Alberta and the most ours went up to was 139.9 and I thought that was bad. It is now down to 122.4 and that is way too much. Of course this being the long weekend it went up again, yesterday, to 129.9 but by Tuesday or Wednesday it will be down again to 122.4, I am sure. I think the days it was under a dollar are over. Now they are killing us with the price of food. I used to be able to buy a loaf of bread made fresh every day, at coop, for $1.00. And that was only about 4 months ago. Now I can't get a loaf of bread for under $2.00. And the price of flour, to make my own bread, is just as crazy. A ten pound bag of flour is now $19.99 where 6 months ago it was only around $5.99. A person can't afford to make their own bread anymore, never mind baking. Even the cost of Betty Crooker cake mix has gone from 99 cents to $3.49. I know because I just bought two boxes the other day and I couldn't believe the price, but sometimes we have to treat ourselves so I bought them anyways. I think the world is going to be in a whole lot of trouble in the next few years if something doesn't change. There are more and more plants shutting down and more and more people being homeless because they can't find a job and they lose their houses. I live in Calgary and the oil boom is over and some people are going to get laid off, I am sure, and then how are they going to pay their mortgages of $4,000 and $5,000 a month. And even if they try to sell thier house, the market will go down because of so many people being laid off, they will not get enough money for them to pay off their mortgages. You can't buy a house here in Calgary for under $300,000. And most of the house here are worth $600,000.00 or more. So if they can't pay off their mortgages after selling it, some of them will have to go bankrupt. There will be so many homeless people then. This can happen in any city and then what will happen to everyone. I don't think the world is prepared to handle a crises of this great intensity.

It looks like its coming. Between the continuing disasters and that enormously expensive war in Iraq don't be surprised at anything. I don't believe the world is ending, as some people do, but we are definetely headed for a truly serious crises both economically and otherwise. Bread in Trinidad has moved from TT $ 6. to TT $ 10. and the other price increases are not stopping. I used to ride a scooter, by the way, its a lot of fun.

I agree. I am one of the thousands of Americans who has moved just last week in order to save on gas. I was spending $450 per month on gas just to get back and forth to work, now I live 2 milles away in a better community so my rent is up about $100 so I still save but what else will I have to change soon just to survive. I'm alittle afraid of what will happen to us. I'm thinking about getting married sooner than planned mainly for financial reasons.

We sure are feeling it to. My husband is a truck driver and with the Diesel prices being so high it is hard to make a living. I to make my own bread and have become cheap now. Any where I can save. When I can walk I walk instead of taking the car. Gas is $4.20 here and diesel is over $5 bucks a gallon. Milk is almost $4. Outrageous

I think that our country, and possibly the whole world is in an economical bubble, but soon the bubble will, pop, stocks will drop, gas and food will be cheaper, and the stock market centered around Gold, Silver, Copper, fuel and corn will plummet so low that the company's will have to charge less. Don't invest in comroderities such as food and gold, because when the bubble pops like it did in technology, you will loose a lot of money.