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The Benefits of a Poor Economy

The Benefits of a Poor Economy

Who said the recession is over? Has the consumer finished cocooning? Are they all done with Stay-cations? I think not, but someone is going to have to inspire them to have one at home in their own backyard. Are we going to leave that up to Frontgate and Pottery Barn?

This economic near-depression is probably going to last a long time as long as our government has anything to do with it, and it does. This is reflected in a broad range of change in consumer and business spending habits ranging from SLD (spending lock down) to basic simplification frugality. Those who continue to earn and spend are paying down debt, saving aggressively, and have adopted a consciousness NOT to flaunt luxuries in front of their friends, relatives, neighbors, co-workers and employees. That’s pretty much everyone isn’t it? Continue reading

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