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<em><a href="http://lansner.freedomblogging.com/2008/10/31/insider-qa-hears-whats-spooking-the-economy/5399/">The financial world ? if not the entire economy ? has been scary place recently</a>. In keep with today?s ?trick or treat? Halloween spirit, we asked some smart folks around town what spooked them the most about the current business climate ?</em>
<em><strong>Larry Roberts, blogger at Irvine Housing Blog</strong>: ?Unemployment is rising, and many who are working are earning less. With the lowering of incomes, the disappearance of equity capital, and the near elimination of borrowed funds, the economy is California is going to contract severely. My greatest fear is that these problems will worsen, and the hardships inflicted on families will be enormous. Elevated stress levels, health problems, depression, divorces and even suicides will result from an economic catastrophe. I weep for the children who must endure the fallout from the problems we adults have created.?</em>
It's about time. Mark Schniepp, Mark Boud, Mira Farka, and the like have consistently been wrong, and just now they are starting to quote someone who has been right all along. Actually, IR has been a little too optimistic.
http://images.icanhascheezburger.com/completestore/2008/10/25/128694642702514080.jpg
<em><strong>Larry Roberts, blogger at Irvine Housing Blog</strong>: ?Unemployment is rising, and many who are working are earning less. With the lowering of incomes, the disappearance of equity capital, and the near elimination of borrowed funds, the economy is California is going to contract severely. My greatest fear is that these problems will worsen, and the hardships inflicted on families will be enormous. Elevated stress levels, health problems, depression, divorces and even suicides will result from an economic catastrophe. I weep for the children who must endure the fallout from the problems we adults have created.?</em>
It's about time. Mark Schniepp, Mark Boud, Mira Farka, and the like have consistently been wrong, and just now they are starting to quote someone who has been right all along. Actually, IR has been a little too optimistic.
http://images.icanhascheezburger.com/completestore/2008/10/25/128694642702514080.jpg
