You probably already feel the uncertainty from yesterday's tumble on Wall Street. The $700 billion bailout package is not calming the fears of investors, and many now wonder if the financial crisis is outpacing efforts by policymakers to contain it.
In fact, the economic problems are beginning to circle the globe, leading some to wonder if the crisis will threaten the very existence of the European Union.
A new poll shows 60% of Americans are anticipating the current economic problems to lead to another depression. However, economists say the situation is worsening into a painful recession, but it's a long way from becoming another depression.
Draper and other up and coming areas of the Salt Lake valley are being hit hard by foreclosures. Some of the biggest losses are in Draper near the new LDS Temple. One real estate agent says most of the abandoned homes were purchased by investors or others looking to make a big profit. Now they sit empty.
If there is one silver lining to the economy it's this. Oil prices are dropping, and that means gasoline prices are falling as well. One expert tells CNN that we'll see $3 gas within the next week or two.
--Bryan Schott, Managing Editor