Apr
4
How to survive the recession in Michigan
Posted by admin at 13:44 | Filed In Michigan | Add a Comment
When you take into consideration the bad mortgage problem in Michigan, plummeting interest rates and especially the outrageous Michigan prices, it almost feels like the world is just about to end. Many people in Michigan are hopeless and many are devastated by their current living situation. Michiganders giving up their homes and going bankrupt is most disturbing. You can buy a house in Michigan for a fraction of its price 5 years ago. It’s ridiculous! It’s a buyer’s market like never before but if you have to sell a house first, then you’re pretty much completely screwed.
As someone who lived in the war zone, I’m going to tell you that things are not so bad here. Let’s just hope that they do not get any worse. Although, in order to get through this recession, or if you want, depression, we do need to adjust and change the way we live.
There are five most basic needs to survive this - food, clean water, clothing, shelter and of course, the transportation. Read more
Apr
2
The Brits: USA 2008 - The Great Depression
Posted by admin at 08:50 | Filed In Michigan, The US | Add a Comment
I ran into a fresh article this morning by the British newspaper Independent. Living in Michigan, the part that was particularly interesting to me was a paragraph about Michigan being in a mini-recession:
Michigan has been in its own mini-recession for years as its collapsing industrial base, particularly in the car industry, has cast more and more out of work. Now, one in eight residents of the state is on food stamps, double the level in 2000. “We have seen a dramatic increase in recent years, but we have also seen it climbing more in recent months,” Maureen Sorbet, a spokeswoman for Michigan’s programme, said. “It’s been increasing steadily. Without the programme, some families and kids would be going without.”
For the entire article, please see USA 2008: The Great Depression article on Independent.co.uk
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