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Will -- closely, neil, because i think that could be the next shoe to drop. i have little prediction in my mind that we're going to see 5% in the next six months unemployment because once it starts heading the other way, it goes quickly. i really hope i'm wrong about it because then we're dealing with real trouble. and what i believe is recessionary environment right now, we'll go into a deep recession. that's the last thing we want to see. and, again, i really do believe that the wealth effect on the upside was a big part of the economy. you're getting the exact opposite right now. and every ...

To prepare for what will be a much tougher economic backdrop in the year ahead? get out of debt. get your personal debt lower, better you will be. have income, buy dividend payers, have income in case the worst case happens, you lose your job issue get cut in hours. we're seeing layoffs begin in financial services, technology, job cuts, freezing, hiring is upon haing that will only increase. >> bill: dow 30,000 number we're flirting with it again, it affects the mentality of a lot of people who invest or have a lot of money in their 401(k). >> maria: allen greenspan used to talk about the weal...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Some ways their path is made both more easy and more difficult, easier and more difficult by these numbers. they definitely have to keep hiking, no question, because, you know, we are seeing strong inflation, we are seeing that in wages, which is something that, you know, we want more money in people's pockets but you also don't want an overheated labor market. they're going to be hiking. that, in turn, could bring the stock market down. more individuals are invested in the stock market today than they have been in the past, so as the market comes down what is it going to do to the wealth effe...

Spending was just about zero so consumers are running fast, but it's like they are running on a treadmill. they are not getting anyplace because the more they spend, the more inflation takes away, the more they earn, the more inflation takes away. >> and a lot of people are talking about their retirement accounts. what's wall street doing with all of this? >> yeah. well, right now wall street seems fairly at ease with what the fed is doing. we saw that again yesterday and they are comfortable that the fed is moving at a pace of rate hikes at .75 of a point. they will do another half a point or...