Is unemployment high? Yes.
Are people losing their homes? Yes.
Does that mean the entire economy will crash, if we can keep our wits about us and not engage in bank-running among other illogical and impractical activities?
I’m not convinced.
(via brianconley)
You forgot retirement funds, 401ks and the like have been damaged quite a bit in this whole mess. I’m no economist but I’d say people loosing their homes, jobs, and retirement funds says pretty clearly that the country is going through a rough spot right now.