physorg.com — America's love affair with consumption has been a big source of economic stimulus for a long time. But the party might be about to end. Americans' overextended wallets could trigger the most severe downturn in economic activity seen since at least the 1980s ? and possibly since the Great Depression.
Sep 18, 2007 View in Crawl 4
ausciferSep 20, 2007
Um... what?
aliengoodsSep 20, 2007
So, did Mommy and Daddy pay for your college, because that's 90% of my debt and it sucks.
evildemonicSep 20, 2007
If you have a fixed interest rate under 6% on your house (easy to do now, and for the near future) ... you would be a fool to pay off your house early. If that doesn't make sense to you, I would highly recommend you rely on a financial adviser to help you make these kind of decisions.
notastatSep 20, 2007
I have been hearing more and more about the effects of our overextended wallets and it seems Bush and Co are trying to keep this under wraps
siszamSep 23, 2007
That depends on how much you have. Pay off your home and all your bills. Stock up on food, soap, tp, etc. Enough to last five years. Have enough to barter. You don't want to talk to some of the wierdos there but you can learn a lot of info at frugalsquirrels.com Have enough to pay or prepay your insurance, utilities etc for several years. Be able to defend yourself and have a bugout location to stay out if there is social unrest. I would not invest in any stocks or bonds. If you have a lot of money, buy homes and take section 8 tenants. The government pays you and you help people at the same time. Guaranteed money and karma points.