Over here in Taiwan we feel pretty much insulated from things that are happening back home but we see the news and follow events online and Man, it ain't looking good.
A friend of mine turned it to his advantage last week by buying a house for $20K less than the asking price but I keep thinking if he'd waited a bit longer he might have got it for even less.
Car companies are cap in hand to Washington and offering huge discounts on new purchases. The Auto bail out had to happen though, if it hadn't the 'ripple effect' would have been staggering, $15Bn to Chrysler and GM but SFA for Ford?
Time for the UAW to look at the big picture now, they've ridden the gravy train for way too long and they're certainly more than partially accountable for the failing competitiveness of the US car manufacturers i.m.o
We were thinking about coming home next year for a while but in all honesty it's looking less and less likely with all the layoffs and closures happening. May just take the opportunity to get myself a bit more education, do some more travelling and bank some more dosh.
Fortunately our earnings in Taiwanese dollars buy us more Canadian than they did before (about 12%) so sending money home now is good.
On the other hand, coming home and buying a house and car right now would be pretty cheap ... relatively speaking.
Has the recession affected any of you directly?
Any 2 for 1 new bike deals being offered?
... Yeah, thought not....