Hello all. I am going to delve slightly into politics and economics right now. Forgive me for leaving the decadent search for pleasure I am usually writing about. But, I have to speak up about this recession nonsense everyone seems to be so worried about.
First off, who knows what the US economy is based on? Let me tell you oh uninformed and unenlightened. The US economy is based on people SPENDING money. It is not based on people building retirement accounts or saving for a rainy day. It is a purely hedonistic economy which seeks immediate gratification in the form of people spending their money buying stuff they don't need, with money they don't have, to impress people they don't like.
So, when all of these news people and politcos go on TV and wring their hands and whisper dire words of warning about a recession what happens? People, who are mostly sheep and believe whatever they hear on TV, get scared. What happens when people get scared? They STOP spending money. And then what happens? A RECESSION.
This whole business about a recession is the same things that happens in almost every election cycle when the press wants to put a certain candidate in office. Right now, the press wants to control what happens so they start talking about a recession, people have gotten worried and what has happened? The economy has slowed.
If you don't think we are still the worlds dominant economy, look how all of the markets react to whatever is going on here. No other country effects things the way the US economy does. We are still building cars in Detroit, we are still pumping oil in West Texas and Alaska, we still sell millions of drive thru burgers every day, we build houses, grow cattle and cotton. The markets have not disappeared.
If you want to have an effect on the economy, do not be afraid. Spend your money. Buy a car, a house, a boat, a laptop, a steak...whatever. The key is to keep the money moving and the economy functioning. Do not believe what you hear on TV. Remember, all of this talk about a recession is a self-fulfilling prophecy.
Step outside the herd. Think for yourself.
Peace