Submitted by datadave, Mar 7, 2008 05:53

I am in the construction business myself, not much by choice but due to the Reagan Revolution..or Counter Revolution. But that was over 25 years ago. I'll stay busy but massive layoffs in concrete companies doesn't bode well. Thank goodness for unemployment insurance (for some of us).

But on the 'Street', from accountants and such I am hearing that gold, silver, everything is going even higher and short term gains are to be had if one has the liquidity. But most of us don't. Again it doesn't look good for America.

However the same 'smart people' are still keeping real estate as investments. There will still be more people and less land ..just like gold, an ever increasing demand and less supply.

The fact of the matter is that 'creativity' in financial institutions w/ deregulation allowed the shifty eyed connivers to get a grasp on the economy and oversold mortgages that depended upon funny money from our current indebted governance thinking that more people owning homes even with declining incomes means 'prosperity'. It's like the roaring 20s all over again..except we've reached the end of the decade. Hopefully, government will have a better hand to play to prevent massive poverty as a result of the unethical banking institutions that precipated the oversold binge in credit to people who should've been striving for more income and not just wishing income would rise w/o effort.

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