Fed releases new economic forecast.......see's deteriorating economy higher unemployment

[Mircea]

Originally Posted by KUchief25

We're not voluntarily lining up for it but with the EPA leading the way we will all feel it very hard and the economy will continue to remain in the tank because of it.

They had "utility defaults" in Ohio. Duke levied a 30% rate increase; people got behind on the electric and natural gas bills because they could no longer afford it; Duke cut them off so they walked away from their McMansion and allowed a voluntary foreclosure; or they got onto a payment plan, but then they were unable to "afford" that, and finally had utilities cut off, so they just abandoned their McMansion.

Apparently, it isn't much fun sitting in the dark in a 300 square foot family entertainment center with a $5,000 Plasma TV hanging on the wall and a $6,000 surround sound system -- that doesn't work because there's no electricity.

You'll see more "utility defaults" when prices rise.

Forecasting...

Mircea

[KUchief25]

Yes no point in having a home if you don't have any heats and lights. Of course there is always whaling. We'd have to avoid the whale wars boys though throwing poop on us. My bill runs around $150 a month. The way this is looking it will jump to around a thousand unless something changes. That's close to a house payment for me. Thank the Lord my cars are paid off.