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Old 05-13-2009, 05:22 PM
 
Location: Tampa
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Are we permanent penny pinchers now? - Top Stocks Blog - MSN Money

so, if we stop spending, what do we become?
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Old 05-13-2009, 06:27 PM
 
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I suspect that the most long-lasting changes will be for the generation coming of age right now. Those of us a little older may find it harder to make permanent changes to our spending behavior and will quickly return to our spendthrift ways once the economy begins to recover.
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Old 05-13-2009, 07:09 PM
 
Location: Victoria TX
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Quote:
Originally Posted by crystalblue View Post

so, if we stop spending, what do we become?
Savers. Which means people who have the accumulated resources to acquire what they need when they need it. What's wrong with that?
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Old 05-13-2009, 07:49 PM
 
Location: Pinal County, Arizona
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Quote:
Originally Posted by crystalblue View Post
Are we permanent penny pinchers now? - Top Stocks Blog - MSN Money

so, if we stop spending, what do we become?
There has to be a balance. Without spending, the economy would stagnate and come to a halt.

Yet, we also have to save more than we do.

Maybe we can get away from needing all the "STUFF" that some go over board and buy.

Good question -
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Old 05-13-2009, 09:21 PM
 
Location: Tampa
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If we start saving more and spending less, wont we be throwing millions of more americans out of work?

all those stores closing (do we really need this many mattress stores?)
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Old 05-13-2009, 09:47 PM
 
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The brutal truth regarding our economic future has a lot to do with how we think we got to where we are in the first place. First things first, there really is no such thing as, 'the economy". that's right, the whole construct is the creation of media and corporate hooplah, it's formed up by certain measurements and then glued together by economist's. To suppose that there is a real cohesive dynamic to all the worlds currency and markets is nonsense, our fortunes and fates are tied to one another as humans but that doesn't mean our human creations are as resilient as we are, nor does it connote any particular sense of caring about the guy next door, let alone halfway around the world. We will survive, but our systems of finance are surely shot through and through. This fact, that we don't know, or care to know, the fate of our neighbors, is part of how we got into the greatest downfall of capital empires. Everybody I knew was crowing about the "value" of their abode rising like the fortunes of Solomon, oh yeah, I got mine , sorry about yours. At work it was the company yelling about "share value", keeping it real for the investor class and all that. Cities were shouting the praises of junk architecture, turning our landscape into a Disneyscape, all while we foot the bill for these monstrosities even when the price of gas made it impossible to go anywhere. Where do we find some sanity in all this? Simple, start down the road to our past, get small, stick together, get real about the stuff we need, and be honest about that which we can do without. The pain will be spread around, some will be worse off than others, those who are orgaizing now will be far better prepared. The bright side? maybe we'll all find out what it is that we're supposed be, a decent and caring human being....
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Old 05-13-2009, 09:54 PM
 
Location: 125 Years Too Late...
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Quote:
Originally Posted by Greatday View Post

Maybe we can get away from needing all the "STUFF" that some go over board and buy.
Yeah, you hit that nail on the head. I'd say definitely. It's been beyond absurd for quite a while.
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Old 05-14-2009, 12:50 AM
 
Location: Tucson/Nogales
17,423 posts, read 21,267,665 times
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I assume you mean spending on material things. What can we become to stimulate the economy likewise, without accumulating stuff/things? We can become a country of travelers. Traveling can increase the economy just as much as going to a Wal-Mart.

Think of all the tax collections on rental cars, flights, hotels/motels, restaurants and all the people that are employed in that industry.
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Old 05-14-2009, 02:10 AM
 
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Its really the fact that american is the nation that spends money it doen't have;ask China.
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Old 05-14-2009, 06:42 AM
 
Location: Tampa
3,981 posts, read 9,433,794 times
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Quote:
Originally Posted by tijlover View Post
I assume you mean spending on material things. What can we become to stimulate the economy likewise, without accumulating stuff/things? We can become a country of travelers. Traveling can increase the economy just as much as going to a Wal-Mart.

Think of all the tax collections on rental cars, flights, hotels/motels, restaurants and all the people that are employed in that industry.
We wouldnt be savers then. Just spending in a different way.
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