Worries about economic conditions.

[moneysense]

There are fears now that the global economy will sink to even lower levels causing a deep recession. Worries now are that the US economy is sinking even lower.

Falling wages, rising inflation, and weak consumer spending, plus job losses, lay offs, tight credit and the condition of the real estate market are all adding to the poor condition of the economy.

The collapse of the housing market has caused problems with manufacturers of furniture and housing materials.

People are using their "nest eggs" to help them get through the hard times that are at hand while housing values continue to drop.

Improvement in the economy is not expected until 2009 into 2010.

[pennypinch]

I think it is going to get worse before it gets better as far as the economy goes. I have no idea what my family will do if it does because we are barely getting by now. I think we may all have some very difficult times ahead of us.