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Re: This will pass..
Posted by Noel [Email] (more from Noel) on Tue, 10 Mar 2009 04:17:18
In Reply to: This will pass.., AlS, Mon, 9 Mar 2009 16:18:45
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One of the hard things about this recession is that there are a whole lot of people who don't remember previous hard times, like in the early '80s, when it was also pretty grim. This one is a lot worse because of the banking issues, but it will correct. Long term and big picture it's probably for the better and most people will come out of it OK. It will just be painful getting there.
There's nothing wrong with living within one's means, buying what you need rather than what you want and living reasonably instead of trying to keep up with (or impress) one's neighbors. If that's the direction this recession takes us all in then maybe that's a good thing. As nice as it is to have a cool ride (with a fat lease payment), take expensive vacations, have an oversized house and all kinds of fun toys, they aren't essentials.
Everyone can live just fine by dialing it all back a notch or two.
Just my $0.02
Posts in this Thread:
- I've stopped worrying about Saab..., No Snaab, Mon, 9 Mar 2009 12:12:21
- Re: I've stopped worrying about Saab... (new zealand), larryu, Tue, 10 Mar 2009 05:35:09
- Re: I've stopped worrying about Saab..., KevinM, Mon, 9 Mar 2009 19:06:51
- Re: I've stopped worrying about Saab..., Rich, Mon, 9 Mar 2009 17:55:56
- This will pass.., AlS, Mon, 9 Mar 2009 16:18:45
- doomed., James, Mon, 9 Mar 2009 13:02:51
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