U.S. Employment forecast for 2010

Logic with help has a forecast on the Global Economy
The current rates are posted here by the United States Bureau of Statistics Current US unemployment rates however this article is focused on the Logic Prediction for the second half of 2010’s unemployment rates.

Logic believes that if the American consumer begins a trend that has been absent since the late 60’s and early 70’s that our prediction of the employment of America can be a scenario (written below) that plays out sending America into unemployment percentages not seen since the one in 1929 that lasted through the early 1940’s which was the Great Depression when the unemployment rate was 23.6%.

Employment percentages explained
We have been enjoying the economy as watchers and investors since 1983 and we have never needed to report about something like record unemployment that we will do today because if our scenario is even close to on the target we are predicting the government will not have the resources to help each American through these times in the form of a bailout like they have been doing for the banking industry and now the residential real estate industry.

We look at the current unemployment for June 2008 which nationwide sits at 5.5% but as a number it means nothing to us that have jobs so we pay little attention to the number subconsciously we just say “well the number is low and I have my job so it does not effect me and usually no one I know” so we go on about our lives.

What is not in the current unemployment rate is the drop offs those where the benefits run out and those that are under retirement age and capable of working but elect not to or just give up on trying to find work or are unwilling to take a job of lessor skill requirements and pay and in addition to derive at our 15% reality figure we add a little for those subsidised by employment payouts, early retirement and government subsidized persons.

We believe that if we add a realistic 15% to the current number regardless of the current percentage we are safe to say that the current unemployment rate is 20.5% and Viper Logic is located in California where the current June 2008 unemployment rate is 6.9% making the actual state number utilizing our formula is 21.9%.

Before you read our Scenario below and if you missed the article Economy? Is Retail in a Tailspin US Retail is in a tailspin that lead us to this prediction you might like to read our article

Possible Unemployment Scenario
The month is around June of of the year 2010 and with fuel prices anywhere above 100.00 dollars a barrel will assure fuel prices at the pump above 4.00 dollars and food, electric and service industry pricing are still rising causing the average American to reduce spending on extras even further to maintain some level of quality of life. The global producers of everything Americans buy (because we no longer produce products in America) are having mass layoffs riots in their streets effecting the entire global employment food chain.

Reported unemployment has been inching forward since the second half of 2008 each month as the largest employment sectors being areas where people are employed to sell all things from clothing, real estate, automotive, coffee, office products, pet supplies, food and anything we can imagine are adding to the monthly unemployment rate at alarming numbers bringing us to the new unemployment rate below.

Small business bankruptcy filing have been increasing since the first quarter of 2008 adding even more pressure to the unemployment figures as well as the major chain operators of fast food, coffee, clothing, sporting goods, Specialty good, electronics, restaurant and anything we can think of are filing for bankruptcy after a year or more of downsizing the number of locations and employees on a national scale pushing the reported unemployment rate to 25% we have a greater repeat in reported unemployment as the Great Depression.

Our Unemployment Prediction
Now we add the 15% reality number to the 25% reported unemployment number and the total US unemployment figures are 40% and before you call Logic a nut or a negative person we would like the opportunity to explain that this is how we see the unemployment playing out due mostly in our belief that Americans have come to the realization that the past 12 to 15 years of credit ease, money flow ease, plentiful opportunities, and the spending like we were all rich providing everything for a quick (short lived) feeling of good but all of those high end cars larger then we needed homes, Swiss watches and trips to places just to say we went there did nothing for their real quality of life and their savings and long-term retirement.

Americans begin saving more spending less
In our prediction of what will lead to the mass layoff in the area of sells will be that Americans are going to return to placing their emphasis more on savings and investing and less on consuming of course, this will be after the dust settles on the banking industry and the people payoff all of the debt they accumulated while the good life was rolling along.

Giving up on the spending and reducing the workforce required in the sells employment sectors is a really little price to pay if we are right and Americans begin focusing on their savings and retirement especially because we are living longer today then ever recorded before and this is in part one big driving factor in our prediction.

Business Growth Economic Edge Builder
Fortunately there is a tool a service for any and all businesses that can still save those that want to ride out the economic downturn and Viper Logic is not only proud to offer it but it is a very fast to impalement business sells building tool named Viper Mailer and you cannot only see it and try it for free it also has and Education button to help you get your business off and growing today Email Marketing

When will I understand I get what I pay for

Looking inside of forums membership
Logic belongs to over 40 FREE online forums for web masters, marketing and domain names and after spending a portion of the day building our back links (back-links are an active keyword or words link that take the visitor via the blue underlined link to the URL Internet site you represent) through the signature in each topic I add or each post I make on forums. I have come to the realization that you get what you pay for which for most all forums is “0” dollars. As and active member I read and learn as well as to reply to topics where I can be of some benefit to the person asking various questions.

Reflecting back signature links might bring a little strength to our email marketing software product however what Logic could do is just buy a high ranking Internet profile site offering advertising space at a fixed price on a monthly bases and wipe out all of the time and efforts for building a solid signature linking system. Signature links are a small part of the complex SEO/SEM (Search Engine Optimization and Search Engine Marketing) process.

It takes a lot of time and great effort from my normal work to add to topics on forums and agian with a forum like with a free anything for example like some free blog services you are never in control of your future and the operators offering these free services to you and I basically put us at the Mercy of the operators.

SEO/SEM defined
We want to answer what an SEO/SEM effort does for your online site irregardless to whether it is a traditional web site, blog, social network, proxy or photo/video storage and share site you will need to apply these tactics provided through the understanding of SEO/SEM to achieve some level of online success because the key ingredient to people finding your site starts with the search engines visitor and with the best keyword or words these visitors type into the search box to find your site.

Example we apply SEO/SEM tactics to our email marketing service web site Viper Mailer under the the keywords “Email Marketing” so when a search engine visitor does a search looking for email marketing types in these key words and our site Vipermailer.com would arrive on the first page and with a lot of work the top of the page.

Who participates on forums
When you join a free forum like the two non technical ones we operate here Palm Springs Discussion and here California Beach Discussion in order to participate and not just be a forum reader you need to first become a member by signing up selecting a handle like mine is Logic on all forums then you can even upload a picture or an avatar like Logic is an avatar then proceed to read, learn and post questions in the available topics.

How you decide what type of forum you are interested in like Catnip is a vintage watch repair and watch collector all as a hobby for him from his regular job of being the (CTO) Chief Technology Officer here at Viper Logic. You might not be aware that their is a topic for anything you can imagine like our two above where one forum is for those that love the beach and the other is for those that love the California Desert so people that like either of these two forums can meet, share, hook up with others that share these same interests.

If you are not a member of a forum today you will find forums to be fun and informative. Being an operator of a few forums and members of 40 forums is a great way to be involved in the topics that interest us all.

Why professional forums should be a paid service
We have been active members of forums since 2006 and have to share what we have learned about forums with you and why we discovered why the forums for professional forums like web site forums or watch maker forums need to have a fee to allow you to participate in them.

We are actually members of a great domain name forum where we are paid member here Domain Name Forum and the first thing you realize is that the forum is more serious and secondly you see that the types of people are on topic and the level of questions and answers to topic posts are of a higher caliber.

All forums should not be paid as you might have noticed above we only mention professional forums related to business and industries like watch makers, auto mechanics, domain names, web masters and marketing to mention a few and there are many more that are for people looking for connections or help with a pro profit business however a forum should always be free for tourism, medical, non profits, how to garden and there are many more like our two forums and for most forums this should hold true.

Why are people running forums for FREE
Nothing is free in life and I hope I finally learned my lesson because forum operators run their forums providing a service for you and I to connect and to share our common interests however they are not independently wealthy persons trying to be nice they are actually either offering the other services or products they own, they can build up a large amount of members and sell the forum easily for millions of dollars or they are running those not to successful (In My Opinion) PPC (Pay Per Click) advertisements that generate a modest amount of income for the forum operator.

We have nothing against the reasons to have a forum at all they are great for making friends and Logic remembers first joining them however they can only get you and I so far so clearly they are no longer of any use to us and the new available time would be better spent doing something else.

Logic is giving up on most non paid forums
Forums are a great place to discuss things of interest in and organized format as most forums are great at offering and there are rules, lots of rules and site moderators that are policing the sites for the operators protecting all members from time to time warning or banning people that violate some of the rules and Logic will be the first to share we have had to ban users once in the while for a period of time because they offended another member or they posted a non relevant reply to a topic or they placed an advertisement for something or another on one of the two forums we operate.

So you can see rules are a great thing and even if you are a member of a paid forum and we can share that the operators are policing the forum as moderators but they are just not needed as often especially in the area of posting to just be posting and in the area of spamming the forum which is the same as posting an advertisement.

Logic is tired of the same 10 or 20 questions being posted on the 40+ technical, domain name and marketing forums everyday all because these people those free members are eager to post a topic more then to read what is already posted and posted and posted about the same topic. The quality of the type of Quote Webmasters has truly came down due to the what easily appears to be a great way to make a couple of dollars.

Time is very important and time is money if we as humans are worth anything at all we need to realize the most precious commodity we are all given, though not equally is the gift of time. So spend it wisely like Logic is now going to do by firing these free time consuming professional forums. 

Pyramid Schemes always arise in a down Market

Sign up get started then tell some friends
Pyramid Schemes never change at least the formula never changes however the way the scheme is invented and how or rather what product or service the scheme organizer creates are always different.

Looking back into the 1970’s then the 1980’s we personally saw a lot of Pyramid Schemes go and we even remember in the 80’s an associate going to jail and actually serving time for operating one of these schemes.

The new youth should be aware
The reason we are back writing about Pyramid Schemes again is in large part because of the global economic downturn and that the scheme we are exposing is and online one and because it is online, it is a global one and there are a lot of new young persons out on the Internet that have never scene or heard of Pyramid Schemes. We also realize over the past 12 to 15 years of the greatest global economic upswing that the 1990’s and those to young to remember or been born during that period missed this because usually they reappear each decade during downturns in the economy.

What is a pyramid scheme
The basic answer is when you sign up to sell something or perform a service you might be required to buy a starter kit, add products to your web site through a web site they sale you and products they provide to you or you sign up for the latest Pyramid Scheme PTC (Pay To Click) advertisement timed clicking. What is the failure of a pyramid scheme is the mathematics of scale that reality sets in with 99 percent of those that sign up buy their way in fail to recover even their costs and of the rest 96 percent of all those who sign up give up. Being to embarrassed to admit they have been had most people never talk of the experience again so the pyramid schemes live on for this very fact and the fact that pyramid schemes pray on greed and emotions of their victims.

The Scheme Pitches are the same
What happens is you are assured that this is the greatest easiest opportunity in the history of man kind and you are not only going to be rich beyond your wildest dreams we also have a way for you to become very popular with your friends or others you recruit online and offline by offering this same opportunity to them and when you sign up 10 of your friends you will share in their sales and you will move up the ladder into a high ranking position within this solid as a rock organization.

Please but wait before we venture further this opportunity is only available to a limited number selected special persons just like you and this is why you found us because you are special. You and the people you sign up need to be sworn to secrecy because it is critical in order for you and us to be assured that we all make and can continue to make more money then any of us have ever scene or dreamed about.

There is and there is absolutely nothing to worry about paying a small fee to become a premium member however but you should not worry because everyone who has ever joined our organization has made their initial investment back 1000 times in just, get this 1 month, to be sure you heard me that is a more then 1000 percent rate of return in just 1 months time.

Welcome to and inside look at PTC processors
The price to get started is only? and here is and example of where supposedly you do not even need to find friends, family and co-workers to sign up because this operator like most of the 100’s we searched and found on the search engines has referrals you can buy at a small fee. Please see below how this works.

The below written content is from the web site PTC operator.
Earnings Example
You click 10 ads per day = $0.10
20 referrals click 10 ads per day = $2.00
Your daily earnings = $2.10
Your weekly earnings = $14.70
Your monthly earnings = $63.00

The above example is based only on 20 referrals and 10 daily clicks. Some days you will have more clicks available, some days you will have less. What if you had more referrals? What if there were more ads available?

Lowest entry fee
You can purchase 15 of these unreferred members for a price of only $16.98. This is an extremely low price to pay when you sit back and imagine your profits. In fact, based on averages, 15 active referrals can bring you
15 referrals click 10 ads per day = $1.50
Your daily earnings = $1.50
Your weekly earnings = $10.50
Your monthly earnings = $45.00

PTC Plays on the greed factor
You can purchase 500 of these unreferred members for a price of only $459.00. This is an extremely low price to pay when you sit back and imagine your profits. In fact, based on averages, 500 active referrals can bring you
500 referrals click 10 ads per day = $50.00
Your daily earnings = $50.00
Your weekly earnings = $350.00
Your monthly earnings = $1,500.00

There claimed statement
although, we cannot guarantee that you will earn such a profit.

Processing time: 2-5 working days.
Availability: Limited. First come, first serve.

Member Package l $459.00

End of PTC operator content.

What do all of PTC operators have in common
Right off of the top we can say there are more guarantee’s of payout testimonials then any site we have ever scene and in fact some sites actually have forum that allows members to share their payout history and rewards. So being the investigative want to be reporter on the subject of PPC fraud we signed up for and account (short of actually paying money to them) and this allowed us access to the forums and we posted an “I never got paid” only to see it be removed from the forum so we are clearly suspecting that there are a lot of persons out there that never receive a dime and they are just being used.

How the PTC Pyramid Scheme works
You sign up for and account as a clicker then you have to upgrade to become a preferred member by paying the PTC operator then you have to have an AlertPay account so they can pay you. Next you click on ads they offer to you on pages. You click the Click Ad Here and wait for a 30 second timer to end because you must get a green dot to be paid if you leave early you will get a red “X” and you will not be paid.
Here is a link to two pyramid scheme web sites that are very detailed about the explanation and definitions
Pyramid Schemes How to understand a pyramid scheme
Wikipedia defines Pyramid Schemes Pyramid Schemes cannot work

You sign up for an account as and advertiser and here is what they offer the advertiser. (supposedly)
Here is the PTC claim
PTC operator content
Setting up and displaying your link for to members to visit is fast and simple. We charge $19.10 per 1,000 member visits and each visit will last at least 30 seconds. Outside visits are unlimited and included within the price. Bigger packages are given at discounted rates. You do not need an account to order, simply fill out the form and pay the fee. We will review your website and will have it active within 2 business days. We will not accept websites that promote adult content or illegal activity or sites that use frame breakers. This is classified as “untargeted advertising” because it is available to be visited by all members. Make sure that your server can support the amount of requests that your site will get. You will have no way of pausing or canceling your ad once it becomes active.

End of PTC operator content.

Viper Logic signed up for ads
We filled out there online form for a 500 click campaign, then they requested money before we could continue not knowing where the advertisements would be placed or where they would appear.

The message we received back is here because we stopped short of sending any money to them of course.
Your order has been submitted! However, before we will approve your ad, you must pay $91.5 via xxxxxxx

Viper Logic is suspicious about two techniques
Here is the kicker that our engineering department is investigating right now and this is the 30 second wait time for you to be paid. Once a web site page is accessed it is terminated so why the 30 seconds? Next each user must have a unique IP (Internet Protocol) to be a member say in a household you share a computer you must have a unique address per user? This is strange we are just legally clicking on advertisements right? We are investigating this and suspect something much bigger going on here.

Message to those that do not know what a Pyramid Scheme is
Look at the money that one person could earn for the basic membership and you can see that you are going to be working hard and committed for a little income though we grant you if you are actually to get paid then even these little amounts of money are not bad if you live in a country where 10.00 dollars is a months salary but you should really ask yourself why would anyone like and advertiser pay to have people viewing their advertisements because as a certified SEO/SEM (Search Engine Optimization and Search Engine Marketing) person Logic does not understand what and advertiser if they are in the know about this PTC operator arrangement is going to gain from bursts of traffic to a single page of a site they own.

Also if anything seems to good to be true, it is because it always is and these Pyramid Scheme operators will tell you what ever they have to, to get you to part with your money or even just your time. Remember the most important space in your life is your time, we all only have so much of it. 

Economy? Is Retail in a Tailspin

The Economy, we are all in it together
The world of forecasting is part art and part science.
It is often easy to take a wild goose of a guess on what is going to and when it is going to happen when we all look forward.
Logic uses a real world “Logical Approach” to estimate what will and when will the economy see some changes that will effect the livelihoods of us all.

Sale it, Flip it, Turn it
What we are seeing in the American economy is a correction true, and actual healthy retraction of the over indulgence from the past 12 to 15 years of eased credit, open credit, refinance ease, and a clouded myth of what being rich actually, no wealth is.

The biggest economic bubble since 1929-1933
Logic has been in deep uninfluenced study of economics since 1983.
Staying clear of the hype that markets generate and remaining very opinion-aided about spending habits, trends, and the belief that investors have, that when houses, stocks, domain names included, commodities, or anything else rise for no fundamental reason and how those that are holding onto these investments justify the rise in them to artificially build on their confidence that these investments will not correct is truly amazing to experience, listen, and learn from.

Welcome to the beginning of the second worst of economic times
No we do not think this is anything like the Great Depression of the late twenties and early thirties, but it will be the worst since then as we all return to fundamental basics for America and with no choice, but to follow suit the rest of the world.

America’s actions will and do effect the world
Most of the world provides products to Americans and if Americans begin to realize that those million dollar homes, 100,000.00 dollar cars, 16,000.00 dollar watches, 800.00 dollar bottles of wine, 400.00 dollar purses and on, and on, and on are not being bought then the remainder of the world will be forced to down size their manufacturing of these goods.

How the rest of the world is looking
We are all seeing in China mass layoffs brought on by factory down sizing and in India reductions in off shore services like software development and tech support centers. It is now highly possible that this down sizing might lead to civil unrest to the likes that we have never seen.

Viper Logic sees a lot of foreign activity
How many calls should a small software development company like Viper Logic receive from a foreign country each day pleading for work at any price, because we are emailed and called upon each and every day from these countries. This is a clear sign that times are getting tough and are sure to get a whole lot tougher before any correction is to take place.

This is not the end of the world
Americans are getting real smart in realizing that if you forgo the purchase of these products that there is no shortage of, and never will be, and in fact we always say around here at Viper Logic that for each year Logic waits to buy a new car then the car Logic buys will be a newer one.
Americans really are smart and intelligent people that are realizing that the urgency we all feel pray to by having to have all we wanted, and wanting it now then financing it today, so we could show others how well we are doing did not impress anyone. In fact because homes, cars and credit cards were so easy to obtain it made all of these usually rare sightings into commodities, meaning that it became the mainstream norm. It lead to the no big deal and it ultimately lead to the now not impressed.

Americans return to saving
If we are correct in believing that Americans have learned their lesson about overindulgance and begin to understand that rich is not wealth and that all of those high priced commodities got them no where (though we will admit it gave us all a temporary feeling of satisfaction that was short lived) and begin saving their money realizing because Americans are intelligent that they are going to begin feeling a whole lot better then those temporary good feelings.

Save your money and sleep better
There is greater satisfaction in having good money invested in our retirement or in having enough money for those rainy days that will allow them to sleep a whole lot better at night. Hey even if you still need to show how well you are doing then we have a great idea here on how to express this to others.

Wear your wealth
You could buy a t-shirt and have an impression of your bank statement or investment account printed on the back of it so others will see how well you are doing. We mean what is the difference in driving or living in more then you need, and printing your savings and investment efforts onto a t-shirt for all to see as well. Why is one ok in our sociaty and the other frowned upon?

Retail is in a TAILSPIN
The economies worst is coming to a retailer near you.
We discussed the forecast on this blog encouraging sales people at large to consider alternatives in gaining knowledge and skills in another trade here Working in Sales? Should you be worried? and the time to do a carrier review and change is now.
Looking at retail as an overall industry that includes real estate, cars, coffee shops, clothing, restaurants, and etc. the amount of growth in the past 12 to 15 years was the largest expansion perhaps in the history of retail.
From these findings and looking at the reduction in consumer spending it is clear that there is not only going to be the largest amount of available retail space in retail history, but the largest reduction in employment as well.

Retailers begin to down size
We only have to look at the worlds largest coffee shop operator to see that the growth worked during the consumer comfort zone period of overindulgence to realize this could have never been sustained. This coffee shop operator announced the reduction of 600 locations today and the reduction of 12,000 employees marking the beginning of major corporations reducing there size to start matching the demands for their commodities.
Logic is not in any way going to bad mouth this CEO because he is really great for being and avid domain Name Investor just like Logic and Catnip are at Viper Logic.

A mad Logic shares an economic forecast
Logic is really clear on the information here as it comes from the street level. See Logic has friends, a lot of friends and I did not buy them either. What we are seeing looking forward is a clear picture of when the bottom will hit the economy and when we will see the signs of gaining traction coming out of these adjustment times.

Logic disclaimer
We are in no way always correct all though we get some of the predictions right on the money.
We predicted to the month the beginning of the housing down turn. We have had our fair share of bad stock picks, bad estimates, and wrong product releases in regards to timing. So even though we are writing this today we have been discussing this forecast with friends and family for several years, and now within this blog as well for a while now.

Employment Forecast
The employment forecast is the most important part of our forecast because we are all humans and Logic loves humans.
Unemployment will rise (again in our opinion) in 2009 and into 2010 to a financial news reported 25 percent and we always add 15% to the current reported numbers for those that are not filing claims, or have come off of the list because their benefits have run out or they stopped looking for work. This estimate is going to come about from any and all sales positions as mentioned above.

The stock market is tricky
We have to really think about this one because the market is running just shy currently at just under for the Dow 12000 (Dow Jones Industrial Average) and looking into the end of 2010 we predict the Dow to be at or near 8000. This is in part because along with an economic correction of this magnitude the stock market is going to correct as well.

Oil prices are over forecast
We are staying out of this one because this appears to more of a political maneuver then a real demand driven issue. Also the speculators are the biggest players here driving up these prices. Because of a personal connection to oil money Logic wants to thank these political and speculator people and let you know to keep up the good work because Logic’s mom needs a new pair of shoes.

Real Estate may recover
It is said that real estate is the best investment one can make, yes and a diamond is forever.
Logic has a problem with these statements. Look back to what Logic thinks is the 1940’s 50’s and 60’s to see what we are going to say about real estate. 

Logic growing up in a track house development remembers the late 60’s through the 70’s and through the 80’s and never seeing (in the urban neighborhood I grew up in) a house for sale sign, and if I did then it was all the neighbors would talk about the usual neighborhood gossip of Why, Where, Who, and When even questions like did so and so die is this why the house is for sale? (Thank you Catnip for pointing out this from our past.)
Back then (and hey we know times change so we are not stuck in the past here. It is just our prediction for the housing market) a person or a family usually bought a home that fit the family and it was just a place to live and work towards paying off your mortgage over 30 years and save money up as well to allow for a safe and comfortable retirement.

Welcome in the largest selling sector of the current housing market foreclosures
Welcome to the 90’s and the 2000’s where along with the McMansion speculation and credit ease caused one of if not the largest run up of real estate in the history of man kind at least in volume. Easy credit played a large roll in this as well as uninformed real estate sale personal that would tell you what ever they could to get you into these houses, and they did just that. Then the banks and mortgage companies went right along with this and a family making next to nothing after still raising 3 children worth of expenses owned their first home. Speculators figured out how to make more money by having 6, 8, 12 homes all running off of the commissions of selling other homes or flipping them, and again easy, look the other way credit because do not worry in a worst case scenario the houses all of those the speculator financed would continue to rise no less then 20% per year depending on the location of course.

Hedge Funds and the Mega Wealthy
Hedge Funds are a wealthy persons play ground and truth be told they kind of caused what will become of the hedge funds future.
These people (fund managers) make more money per year then any CEO does on the planet and this made them wealthy as well or certainly put them in the Mega Rich category from our chart below.

In our Opinion
This new easy money commission is what might have began to cause the hedge funds to start to not look really good. The wealthy persons flooded in as the market was rising, but then the funds began to tumble. It was going on unseen by these fund managers in large part because of them being to far removed from the real world themselves.
See these hedge fund managers and we do not have a problem with a fund manager making 300 to 800 million dollar a year if they are capable of living on the street with the Employed Person, (stay tuned into reality) but we think that while they are traveling between one of their mega houses to another one of their mega houses aboard their private jet or mega yacht they are never engaged in a conversation with the Employed Person from our chart. We call this living in a bubble and the results is and out of touch manager.

In touch with reality at all times
To stay in touch with what the Employed Persons on the front line might share with you to allow you the fund manager to get a heads up on the general economy might be just the edge, and early retreat mechanism, you are needing to stay up with to maintain those high rates of return required to be attractive for the risk your wealthy clients are taking with you.

Bad times effect all, just not equally
Do not think for a minute that only the Employed Persons are the only one to be effected by the Logic prediction, The type of projected down turn we envision will effect us all and in fact here is a small and simple breakdown of the money train of those to be effected.
Employed Persons Under 1,000,000.00 dollars net worth.
Middle Class Rich Over 5,000,000.00 but under 10,000,000.00 dollars net worth.
Mega Rich Under 100,000,000.00 dollars net worth.
Wealthy Over 100,000,000.00 but under 1,000,000,000.00 dollars net worth.
Mega Wealthy Over 1,000,000,000.00 dollars net worth.
Including primary residence.

Down turns affect us all
This is a good time to talk about what is relevancy in ones net worth.
Look back at the time that Ted T. went from the Mega Wealthy person to the Wealthy even though Ted was not going to go hungry he had to be feeling sad or really defeated. We are sure Ted is doing better these days, but you can see how these down turns effect us all. Maybe because Hedge Funds are for the Mega Rich on our list and up, and given the fact that Hedge Funds are a risky bet that can bring in larger returns, but face a higher risk some if not most of all the players from the categories are going to be hit and no matter how much money one has you still did not work that hard only to see someone take part of it away that you put out in the risk area.

Shared the wealth now share the pain
Logic just wanted to make this point. However we realize that the Employed Persons like Logic cannot take much of if any of a hit as most of the Employed Persons are only a pay check or two from being out on the street. This means that the masses which make up the lions share of the consumer spending when faced with a prolonged down turn like we are all in with increasingly higher cost of goods like gas, food, services, and energy along with the fact that their number one investment? their home can no longer play the roll of a piggy bank, as well credit cards are tightening and reducing the available credit balance directly takes away from their expendable income and is what is putting us all on the road to the worst economic times since the depression.

Banks and Mortgage firms
Like oil prices and oils impact the banks and mortgage companies have been way over talked about and there is nothing to forecast in this area due to the clear understanding that the end for these people is so far away Logic would need a fortune teller to help them see the light at the end of there ride through the tunnel of love. No fowl here, as Logic does not own a house have a mortgage or owe any bank loans what so ever. Not even a car payment.

Municipalities will fail
Signs that your favorite city or county might be already in a financial bind is apparent even here where Logic live in Southern California.
Cities and counties, they have the numbers in front of them about new development starts, fees, and tax income, but maybe like the lone home owner who has had his home on the market for the past two years with a two year old price tag on it believing that the market is going to turn and you can get out of the projected debt is right around the corner, the good news here is if you are operating a time machine you can go back and sale that house.
Cities and counties have a past, neaning many have seen these down turns before will file for bankruptcy and need emergency assistance to maintain the most median of city needed to function operations.
This will more then likely hit cities and counties in the latter part of 2009 and be well viewed by the city and county residents in early 2010.

What is it all going to come down to?
Logic realizes without corrections we cannot enjoy prosperous times. Corrections are great for returning to value in investments, even cars that we buy become more of a privilege to have instead of the norm.
We all especially American will come out of these times shining well, and if we have called this right then American per household savings will begin to rise agian, and along with saving and having money in the bank instead of money in more stuff.
Your health will be better and a little secret, families get along better when there is money in the bank reducing those financial strains thus this is a key ingredient in living longer, happy and staying well.

Economic recovery will come
Yes America will rebound between 2010 and 2012 and by 2014 (we all need staying power) the Employed Person like Logic will see the good times return only this time you and us will come into these better times with money in the bank as a proud saver and the power of having money is one of the most important things in our life right after our health.