It's been one of the worst years for our U.S. economy ever, and definitely one of the worst since the 'great recession' of 2008.
With that said, due to building anxiety as we move closer to the end of the year, many experts are wondering if there are any similarities to what we saw in 2007?
"You'll see a lot of people starting to make those comparisons" said Bill Dendy, a Texas based financial expert, "And similarly, like what we saw in the 2007-2008 pullback, there was this kind of reversal of trends before we finally had the collapse."
And while things are not exactly the same now as they were in 2007, one of the big dominoes that everyone is watching, is the cooled off housing market.
"With this aggressive raising of interest rates, we do see an impact in the housing market because the cost of housing debt has gone up" Dendy told KTRH, "And a lot of people are purchasing homes, not based upon the value of the home, but on the amount of payment that they can afford to make."
There are stopgaps that have been put in place since 2007-2008, but Dendy says the key word moving forward during these tough economic times, is caution.
That leads us to the poll question today.