tag:blogger.com,1999:blog-1927652976660901418.post3095600902517660006..comments2023-09-16T07:40:01.698-07:00Comments on In The Trenches - Budgeting for Financial Survival and Recovery: Wealthy Reduce Buying in a Blow to the Recovery - Yahoo! FinanceCarol Schultzhttp://www.blogger.com/profile/02277120447454788570noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1927652976660901418.post-805174253304153342010-08-02T19:59:18.266-07:002010-08-02T19:59:18.266-07:00Thanks for your comments.
The dangerous spending c...Thanks for your comments.<br />The dangerous spending comes when it is done on credit because it creates a false sense of prosperity but at some point must be paid back. When the payback starts the spending stops. If we didn't know it before we do from the last few years. It will just take more time for everyone to get back on track starting with individuals, then businesses, and finally government. I see the slow down in spending not as a negative but as a time for people to re-evaluate and regroup.Carolnoreply@blogger.comtag:blogger.com,1999:blog-1927652976660901418.post-29032004156192519772010-08-02T16:14:26.053-07:002010-08-02T16:14:26.053-07:00Several economists have pointed out that if we sto...Several economists have pointed out that if we stopped the yo-yo consuming (spend, spend, spend and than recession hits and people stop spending) the US economy would not have such drastic ups and downs. I don't know if it's true but it make logical sense.Mollyhttps://www.blogger.com/profile/00777643839656638779noreply@blogger.comtag:blogger.com,1999:blog-1927652976660901418.post-21769872363054207302010-08-02T13:31:07.315-07:002010-08-02T13:31:07.315-07:00If we produce more than we consume we just end up ...If we produce more than we consume we just end up with another mess.<br /><br />Surely balanced, sustainable production and consumption is the answer. Now we just need to define/agree on balance and sustainable,Ehttps://www.blogger.com/profile/12452842332549541201noreply@blogger.com