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Published Letters: 1
People need to stop writing articles such as these. This country is not going in a depression and not even in a recession. A majority of the problems are related to the bad housing market. All of the forclosures are because of the irresponsible/sleazy mortgage companies and their 3 & 5 year ARM's that were not explained to people properly and were handed out to people that could not afford them after the 3 or 5 years were up. All that these types of articles do is scare people and convince them that this country is in some kind of unstoppable, downward spiral and it is not. The housing market will come back in a year or two. It's just a cylce. There is no need to panic and go sell all of your stocks like everyone is doing for no reason. As far as I'm concerned this country is doing quite fine. If you want to see an area that's doing bad and needs real help, come to Michigan.
