Comments on: Spending less could make recession a “self-fulfilling prophecy”: Analysts http://blogs.reuters.com/reuters-wealth/2011/09/20/spending-less-could-make-recession-a-self-fulfilling-prophecy-analysts/ Fri, 05 Dec 2014 11:27:18 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Ananke http://blogs.reuters.com/reuters-wealth/2011/09/20/spending-less-could-make-recession-a-self-fulfilling-prophecy-analysts/comment-page-1/#comment-8116 Thu, 22 Sep 2011 06:42:22 +0000 http://blogs.reuters.com/reuters-money/?p=19848#comment-8116 The boomers’ money have been already spent, the boomers just don’t know it yet…

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By: robb1 http://blogs.reuters.com/reuters-wealth/2011/09/20/spending-less-could-make-recession-a-self-fulfilling-prophecy-analysts/comment-page-1/#comment-8111 Wed, 21 Sep 2011 20:09:42 +0000 http://blogs.reuters.com/reuters-money/?p=19848#comment-8111 Where is the money coming from after all?

Productive work on new jobs?

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By: DrJJJJ http://blogs.reuters.com/reuters-wealth/2011/09/20/spending-less-could-make-recession-a-self-fulfilling-prophecy-analysts/comment-page-1/#comment-8109 Wed, 21 Sep 2011 18:29:10 +0000 http://blogs.reuters.com/reuters-money/?p=19848#comment-8109 FYI: Baby boomers account for 1/4 of the US population (80 million) and much of the wealth! 50% of HS student are not graduating from High School! Going to be tuff to knock off the $50 Trillion on a hambuger flippers wage FYI!

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By: DrJJJJ http://blogs.reuters.com/reuters-wealth/2011/09/20/spending-less-could-make-recession-a-self-fulfilling-prophecy-analysts/comment-page-1/#comment-8108 Wed, 21 Sep 2011 18:26:06 +0000 http://blogs.reuters.com/reuters-money/?p=19848#comment-8108 10,000 boomers turning 60 every day folks-expect less spending and less risk taking from seniors for decades! We might want to think about how were going to fund the unfunded $50+ trillion we owe boomers too-when we get a minute! Spend/gamble our way out-snowballs chance in h#ll!

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By: Nullcorp http://blogs.reuters.com/reuters-wealth/2011/09/20/spending-less-could-make-recession-a-self-fulfilling-prophecy-analysts/comment-page-1/#comment-8107 Wed, 21 Sep 2011 17:29:26 +0000 http://blogs.reuters.com/reuters-money/?p=19848#comment-8107 “So I’ve been buying school clothes at thrift stores, I’m using outdated software,and basically we don’t go out to dinner much at all.”

This comment is hilarious. The Swezy children are too good for used clothes? Her graphics work is so complicated that it absolutely requires Photoshop CS5 instead of CS3? Why go out to dinner when cooking at home is almost always more affordable?

This kind of mindset – I want the newest products, the latest fashion, I want to pay someone else to cook my meal and wash my dishes – is the very thing that got many Americans into their current financial mess.

I guess it’s that old American dream, that old optimism, refusing to die, but incapable of surviving without life support. We think we can have everything we want, cheaply and instantly. But times are changing. You just have to give up that old-school lifestyle mentality. Everyone should be thrifting, cooking, and trying to get by with last year’s revision of Photoshop (the horror!). Everyone should save money whenever they can. Our darkest days may still be ahead of us.

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By: Dickturpin http://blogs.reuters.com/reuters-wealth/2011/09/20/spending-less-could-make-recession-a-self-fulfilling-prophecy-analysts/comment-page-1/#comment-8096 Tue, 20 Sep 2011 15:05:44 +0000 http://blogs.reuters.com/reuters-money/?p=19848#comment-8096 Spending less could make recession a “self-fulfilling prophecy” – true. However, spending more could make defaulting on the resulting debts more likely.

Thus, finally, the U.S. and world economies find themselves at a crossroads, and no one is really sure which direction to go.

Mr. Dick Turpin

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