Global Recession really over?

Platapus · 11-15-09, 10:32 AM

I can only speak for my family, but even after the economy recovers, our spending habits will remain low. We were VERY VERY lucky this recession, my family only suffered a little and we have recovered.

However it was a wake up call (especially for The Frau) that we don't need to constantly buy new stuff just because it is new and to really think about our discretionary spending.

I doubt I am the only one thinking like this.

Unfortunately, this means the businesses that catered strictly to luxuries and discretionary spending by the consumers, may not recover to their past levels as people, no longer in a recession, are not as eager to borrow money and/or splurge on that 50" Plasma that we simply "HAVE" to have.

11-15-09, 10:32 AM	#12
Platapus Fleet Admiral Join Date: Oct 2006 Posts: 19,437 Downloads: 63 Uploads: 0	I can only speak for my family, but even after the economy recovers, our spending habits will remain low. We were VERY VERY lucky this recession, my family only suffered a little and we have recovered. However it was a wake up call (especially for The Frau) that we don't need to constantly buy new stuff just because it is new and to really think about our discretionary spending. I doubt I am the only one thinking like this. Unfortunately, this means the businesses that catered strictly to luxuries and discretionary spending by the consumers, may not recover to their past levels as people, no longer in a recession, are not as eager to borrow money and/or splurge on that 50" Plasma that we simply "HAVE" to have. __________________ abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right.