This type of discussion explains why there are certain people who claim there is no recession & yet also how close we really are to the bottom dropping out. They don't see all the cut backs people have already made to survive so it appears that everyone is still doing just fine when they look at numbers.
Selling the extra truck, using wood instead of natural gas, buying clothes on clearance racks only...
But what is happening is all the extra things people used to do & buy, they aint buying them much any more as entertainment becomes smaller & the money that would be spent on extras like a grand vacation- is going in the gas tank.
so, the same amount of spending is still there- it is just going in a different direction. You dont get as much gasoline as you used to but you are still spending what you always made because it is higher & you had to cut out your filt mignon & get a cheaper beer.
I feel people are way more worried today than they were when Reagan took office...time will reveal it.
Selling the extra truck, using wood instead of natural gas, buying clothes on clearance racks only...
But what is happening is all the extra things people used to do & buy, they aint buying them much any more as entertainment becomes smaller & the money that would be spent on extras like a grand vacation- is going in the gas tank.
so, the same amount of spending is still there- it is just going in a different direction. You dont get as much gasoline as you used to but you are still spending what you always made because it is higher & you had to cut out your filt mignon & get a cheaper beer.
I feel people are way more worried today than they were when Reagan took office...time will reveal it.
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