Comment

Report: Recession Bottoming Out

95
Guanxi889/21/2009 9:39:15 am PDT

re: #84 pre-Boomer Marine brat

re: #86 Kosh’s Shadow

That’s the funny thing, and South Park pointed it out, as well. The “natural” response of the consumer to a downturn or recession is to spend less, and it’s always sound practice for people to spend less than they bring in, of course.

However, the effects of this ideal upon the larger economy are devastating. If people don’t spend their money, and spend it quite regularly, the recession only gets worse, and people hold even more tightly onto their money.

It’s paradoxical that the best thing to do for your own finances is the one thing that can screw up everybody else’s.