Do you fear a RECESSION/DEPRESSION? .. I%26#039;m no economist, but I think that as humans our natural tendency... to go from extreme to extreme is the key to the current economic slump. We went from recession in early 2000%26#039;s to a speedy housing boom where selling and buying made many real estate agents rich! Unrealistic loans and purchases brought many wannabe homeowners (most people) face to face with the reality-check that they could not afford their dream homes. So all these foreclosures and loan defaults followed. House prices have dropped ever since and everyone%26#039;s fear of another recession has created a very tight-fisted consumer. Interest rate adjustments were aimed to generate or sustain house purchases/sales; however, our wallets are threatened, we tend to flee more than fight (fight-or-flight reaction) fight. Now the goverment is going to spend more money to stimulate the economy. In reality, we the people, should be spending money so that the country doesn%26#039;t look so scared or weak and our money would have a fighting chance in the world market. SO, work hard, play hard, and live!

Best Answer

In my income bracket there is no need for concern; life sucks no matter what the government says about the state of the nation.

Asker's Rating:

Thanks for your replies, I could have said anything in my question and some would have agreed and others not; I just wanted to see where people stand on this topic.

Other Answers (2)

• The past 6 years have been marked by over-indulgent consumer spending, which is why we now have huge credit card debt, and a housing crisis. The way to reverse that trend is to put money into the bank, so banks can lend to business at lower rates and get the economy moving again. If you go out and spend, it will only cause inflation.
• I am not afraid of it... I%26#039;m looking forward to it. I have short positions that have done very well in the last few months. I also have cash on hand to buy from the panic sellers.