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Publication Date: 11/2008
Pages: 1
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Nick's Niche: Are you supposed to be depressed when there is an economic depression?

As I write this, the US Congress just passed the $700 billion “bailout” bill. Economic pundits are all saying that the country may be heading into the next Great Depression. My 401K looks so bad that I might be able to retire at the age of 80, if ever. No wonder I’m depressed!

I can’t help to think that some of the practices of publically traded manufacturing companies are partially to blame for the current set of circumstances. Maybe it’s just that the blame lies more with the CEOs of these companies than the companies themselves. Here’s why I have such strong feelings about this subject.

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