The big job loss that was just reported is from before this latest
insanity. We were headed for a recession already, and the current mess
is going to make it deeper and longer. In my tiny circle of
acquaintences, no one expects things to get better for years. One
woman I know who plans to retire in two years got nervous several
months ago and moved all her investments out of stocks.
Am I ready? I have a relatively secure job unless things really go
south, for what that's worth.