The Economy

I was looking economic stuff up on the Internet yesterday and I came across an interesting article. Can't remember where I found it, anyway, the author said that we weren't in an official depression yet, but we were in a financial panic. How true is that? Our banks are FDIC insured now, so we don't have to worry about running down and withdrawing our savings and shoving it under the mattress. I have contemplated that. We bank with a bank that has had rumblings lately. I would take a picture, in case we had a house fire, but that wouldn't guarantee our home owner's insurance would still be around to cover it, AIG anyone? But instead, I feel the urge to shove any possible dollar I can into that savings account. It's not like I am worried about TD's job. He is rock solid stable, even getting his master's degree online with a tuition reimbursement program through work. We are getting a raise as well, which is rather shocking. Not that TD would earn one, but that they are still giving them out, in this time of job loss, wage reduction and forced non paid vacations.
But it's feelings like these that are encouraging the panic. People should be out spending their money to support the economy, but who wants to spend money on non essentials when you don't know if you will be able to buy groceries next week. Thank heavens that gas prices are as low as they are. I can't imagine dealing with this and $4 a gallon gas prices.
I also see that the Euro is at one of it's lowest points against the dollar, hello trip across the pond. Which we could do...but I worry that we would 'waste' money that we might want to have later, in order to eat. Eat! Good grief. I suppose that we should all get used to these feelings hanging around, at least, for the next year. We will have to wait and see if the stimulus package is enough to restore our faith in our economy. And I am putting half of TD's raise, every month, into that savings account. Who knows, if the economy recovers, like it's supposed to, I might still get my trip across the pond.