How Worried Are You?

Real Time with Bill Maher is on, and the panel is having a good discussion on the state of the US economy. One of the things mentioned really caught my attention. Bill said the average price for a home in Detroit is $18,000. Think about it -- that's less than what I paid for my car!

The Great Depression has reached Detroit. The average price of a home is now $18,513 and unemployment has reached 21%, and it’s expected to get worse. Detroit is facing a crisis of epic proportions that officially puts Detroit statistically (and real term) on par with the great depression. [...]

It has become the center of all that is wrong with America ... and nothing of what is right.

For example, the crime rate has fallen ... because of lack of targets within the city. Meaning there is nothing left to steal. In fact, even the criminals don’t want to leave jail.

Reading this leads me to ask what are your thoughts about the following question:

Is the panic causing the problem, or is the problem causing the panic?

Which came first, the chicken or the egg? Wall Street has been on a roller coaster ride for some time now, and when the market tanks it impacts everyone. Is there justification for all this panic, or are they merely panicking for the sake of panicking ... and does that question even make any sense?
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