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Reply to "Does anyone else feel like we are the precipice of economic calamity? "
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[quote=Anonymous]Things will be difficult for the US but Europe is in far worse shape and nobody is really talking about it. Electricity prices have gone parabolic there- just in time for winter. I understand individual households get some sort of credit towards the bill but many will not be able to afford to heat their homes. Some will die. Businesses do not get any energy credit and many, especially small businesses, will be forced to close due to not being able to pay the bills. Business closures/job losses combined with record energy prices into winter does not sound like a good combination. [/quote]
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