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  #21  
Old 12-01-2008, 03:55 PM
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Re: It's official: U.S. is in recession

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Originally Posted by rgcraig View Post
I think we need to learn to live within our means.

Perhaps, this will force the issue.

Even Target gets it - in one of the Christmas commercials it says, "extravagance is dated"
You are dead on. Recessions always come with lessons.

Because recessions generally are the result of excess.

In 2000 the recession was a result of over exuberant investment in a new technology. (google holands tulip recession very interesting reading guess we really didnt learn that lession)

We have suffered recessions because new technologies increased inventories. (the late 1800s saw this as mass transpertation with railroads changed the dynamics related to moving goods and actually the invention of Henry Fords assymbly line became at least a portion of the problem in the great depression)

this recession certainly has over spending at its roots.
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  #22  
Old 12-01-2008, 04:04 PM
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Re: It's official: U.S. is in recession

Recessions are a part of the normal economic cycle.

Recessions come. And then they go.

This one has come.
And it will go... just like they all do.

Not a huge deal, really.
We just have to make the adjustments, and ride it out.
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  #23  
Old 12-01-2008, 04:05 PM
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Re: It's official: U.S. is in recession

Quote:
Originally Posted by rgcraig View Post
I think we need to learn to live within our means.

Perhaps, this will force the issue.

Even Target gets it - in one of the Christmas commercials it says, "extravagance is dated"
So do you mean cut back? Adjust? Prepare for the coming economic collapse?

If so, I think you are wise.

I still say we are going to experience total economic collapse.
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  #24  
Old 12-01-2008, 04:07 PM
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Re: It's official: U.S. is in recession

Quote:
Originally Posted by TRFrance View Post
Recessions are a part of the normal economic cycle.

Recessions come. And then they go.

This one has come.
And it will go... just like they all do.

Not a huge deal, really.
We just have to make the adjustments, and ride it out.

Yep, but I think you may need a tanker, instead of an innertube.
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  #25  
Old 12-01-2008, 04:07 PM
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Re: It's official: U.S. is in recession

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Originally Posted by Charnock View Post
So do you mean cut back? Adjust? Prepare for the coming economic collapse?If so, I think you are wise.

I still say we are going to experience total economic collapse.
I need a to do list. What do you suggest?
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  #26  
Old 12-01-2008, 04:08 PM
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Re: It's official: U.S. is in recession

Quote:
Originally Posted by TRFrance View Post
Recessions are a part of the normal economic cycle.

Recessions come. And then they go.

This one has come.
And it will go... just like they all do.

Not a huge deal, really.
We just have to make the adjustments, and ride it out.
Depressions also come... and generally go.

Economies sometimes collapse... but they don't usually uncollapse.
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  #27  
Old 12-01-2008, 04:12 PM
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Re: It's official: U.S. is in recession

Quote:
Originally Posted by TRFrance View Post
Recessions are a part of the normal economic cycle.

Recessions come. And then they go.

This one has come.
And it will go... just like they all do.

Not a huge deal, really.
We just have to make the adjustments, and ride it out.
We are having to make the adjustment in retail, that's the problem.
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  #28  
Old 12-01-2008, 04:14 PM
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Charnock Charnock is offline
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Re: It's official: U.S. is in recession

Quote:
Originally Posted by mizpeh View Post
I need a to do list. What do you suggest?
Get rid of debt.

Own your home.

Create a well-stocked food pantry in your home. Enough for a month, because some of the grocers are gonna go out of business. Food may not be as available as it is now.

Buy a gun (I'm serious). Crime is gonna go through the roof.

I'll send the rest in pm, because everybody (like Renda) will just say I'm the boy who cried wolf. Kinda like they all did last Febuary (07) when I predicted this mess to begin with.
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  #29  
Old 12-01-2008, 04:24 PM
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Digging4Truth Digging4Truth is offline
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Re: It's official: U.S. is in recession

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Originally Posted by Charnock View Post
Get rid of debt.

Own your home.

Create a well-stocked food pantry in your home. Enough for a month, because some of the grocers are gonna go out of business. Food may not be as available as it is now.

Buy a gun (I'm serious). Crime is gonna go through the roof.

I'll send the rest in pm, because everybody (like Renda) will just say I'm the boy who cried wolf. Kinda like they all did last Febuary (07) when I predicted this mess to begin with.
We also looked for rural property that we could grow a garden and maybe raise a few animals on. Rural because it is usually much cheaper and you can find something you can buy cash or pay off quickly. People are also more willing to owner finance for you.

It would be good if one could get a cheap dwelling on the land as well. At least there is an option should the need arise.
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