And Rick got the Pink slip!

I don't want to be too pessimistic about all of this. Many have already talked a lot about how horrible the economy is about to get. Many don't realize how horrible it will get and don't even believe it will affect them.

Well, rest assured, it WILL affect YOU, and everyone else you know or don't know.

Just like the ripples in a pool. The concentric circles soon start crossing and worse volatility is expected as the ripples travel at the speed of business around the world.

So which industries are least affected? Here's what I think..

1. Fast food industry.
   People gotta eat, no matter how poor they get.
2. Pharmaceuticals (And medical sector in general)
   With stress and depression related diseases on the rise. these folks are likely to be doing very well
3. Natural resources
   It's getting more expensive to extract, while getting less profitable to sell. But it's still making money. Unless the whole industry dependant on that resource goes bust
4. Services and utilities
   People can live without a new car, but not without heat, water, sewage, electricity ...etc
5. Schools, Academia, childcare and elderly care
   It doesn't matter what happens in other industries, these are always in demand. Although, many people can no longer afford these

It's going to get really dark before things start looking up. This year started on a low note and it will likely take some time for things to turn around. So sit tight, keep your head low. Don't make any big changes, and just try to live through it

It's tempting these days to buy a new car, or get a new house. With the prices as low as they are right now, the chance to get a great deal is very high. But unless you're financial future is somehow guaranteed just sit tight and let this calamity pass

In the mean time, I'm going to try and comfort Rick. He tried to sell his Hummer, but no one is willing to pay more than 10K for it, and I just continue to feel so sorry having warned him when he bought that piece of junk.