The second one is new and never occurred to me. A major American manufacturer might shut down and furlough all production employees for four months.
Since most Americans -- which excludes the techmemers -- are close to living from paycheck-to-paycheck (hell, over paycheck-to-paycheck, if you look at credit card debt!), missing four months of mortgage payments, utility payments, insurance payments, union dues, credit card payments, etc, would be a massive punch in the head to them and to the entire economy.
If these things come to pass, as I wrote earlier:
Get used to hearing that phrase — I never thought I would see anything like this in my life — because you’ll be hearing it over and over again. Some of you will be saying it!
Preserve your cash.
Where is your money today?
And while there is still a chance, educate yourself!
1 comment:
There are various financial services in the market that offer credit card debt management for people who are not able to manage their multiple credit card debts. Hopefully people can find the help they need to eliminate debt. Thanks for the info!
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