Monday, March 30, 2009

The Global Economic Situation: Tough Times!

So.  Tough times!  People are say that this is the worst economy since the Great Depression of the 1930's.  I wanted to write about it because it affects everyone's lives, no matter what your economic situation is.  Some estimates have put the US unemployment rate at 10%.  I've heard statistics that put Michigan's unemployment rate at 17% and Detroit's unemployment rate at 22%!!!  Note: this is not metro Detroit, just the inner-city.  The same article said that the median sale price for a home in Detroit is less than the price of a new Chevy Aveo.  For those of you who don't know, the Chevy Aveo is the least expensive car on the US market today, selling at around $12000.  That's depressing.  So let's get out there and BUY, BUY, BUY!!!  I can't right now because I'm saving up for college, but those with lots of money certainly should stimulate the economy in any way that they can.

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