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October 22, 2008


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True, people are just starting to adopt frugal habits now out of necessity that some people have been doing all along. But it will be interesting to see if some of the more luxury brands suffer more than other companies because no one is buying them. If enough people start to make these choices, it may start to have an impact on certain companies, and thus, the economy.

So, in other words, people are just now starting to do what we've been doing all along. Damn band-wagon jumpers!

To be honest none of the economy crisis has affected me much or anyone I love. Sure we all lost money in the stock market but we are not crying over it because retirement isn't near for us.
However, this week two of my top accounts at work went belly up. Things are going to get a lot worse as the ripple effect moves outward. I am finally a little scared.

To be honest, I miss the days where I could look down my nose and wag my finger in shame at the credit-drunk miscreants running around wildly, alone in my disapproval.

Now EVERYBODY's doing it...*sigh*.

USAToday, shame on you. It's not more "then" doubled, it's more "than" doubled.

The current economic crisis is a GOOD THING (TM). For far too long, we as a nation have lived on credit, spending more than we earn. Now we're seeing that credit tighten way up, and people are learning how to cut back and spend what they actually have. Yes, the stock market is in the tank; no, that's not permanent. Yes, it's going to be hard to get a job for a while; no, that's not permanent. The main long-term effect of this crisis, hopefully, is that it'll teach people not to overextend themselves so badly.

As a poor person, I have been promoting extreme frugality for years.

Yes, it's going to be hard to get a job for a while; no, that's not permanent.

Um, please engage brain before engaging mouth or fingers.

I'm an older worker, so for me it probably IS permanent.

A lot of boomers are really getting hosed and for many there will be no recovery.

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