I've never lived in a depression, Jim, and NOT really sure what it would 'look' like...
Things around here seem to be moving along, but slowly.
Not much work for me, so I go out every day and look, talking to lots of different people.
Those that are working say they have not been. Stores are closing up.
No one wants to do maintenance work. Only necessary immediate repairs.
A couple housing tracts where the builder just walked away.
Others only a few people working on 1 or 2 houses.
BIG builder just stopped and left town.
Loan company folded up. Requirements too stiff now.
Half a dozen mortgage/financial companies shut down... some w/criminal charges filed, others just civil.
Home values decreasing.
Foreclosures escalating.
Car dealership closed.
Many real estate offices closed.
Weekend flurry of traffic going to beach cities less than 1/4 what it was last year.
I see MANY more young men in the parks with their children, when I metal detect.
They kinda look out of place, aren't really sure what they're doing there, and they're NOT real happy about being there playing with their kids, as one would expect.
Unemployment is rising.
Under-employed even worse!
A whole bunch of yard sale ads on craigslist say 'we're moving'
A lot of construction worker type trucks parked on every street with for sale signs.
Pawn shop is STUFFED with tools.
Tool store was EMPTY when I went in.
Jim, I'm really not sure what to expect, but it doesn't look good.
I hope things are doing well up in Montana!
We couldn't really afford to drive there to find out...
Best,
rmptr