Comments on: Six Reasons to Love This Economy (Really. I’m Serious!)

By: S.

S. — Mon, 17 Nov 2008 04:07:00 +0000

Friends of mine are jewelry artists, with their works ranging in price from around $30 to $250. Their orders aren’t up, but they aren’t down, either. A woman came into a store where their jewelry is sold and dropped $400 on Christmas gifts. Said she wanted to buy American and loved the fact that it was hand made from recycled metals. I think this is going to foster conscious consumption for everyone, not just greenies.

By: Bill R.

Bill R. — Mon, 20 Oct 2008 01:01:20 +0000

Another reason to love this economy is that it is a Reality Check.

Once a successful and productive economy is humming along, many get caught due to a lack of attention. Don’t get me wrong, my asset allocation became a bit skewed and I suffered for it. But I learned my (costly lesson) and hopefully I won’t let it happen again.

Regardless, there is a silver lining so let’s all take advantage of it!

By: Canadian Entrepreneur

Canadian Entrepreneur — Sun, 19 Oct 2008 15:21:50 +0000

You didn’t mention buying a house (if you can get the credit). A lot of foreclosure deals out there as well as just generally homes on sale, with low interest rates to boot. If you can hack a chunk out of the credit freeze it seems like a great time to move out of the apartment and start a garden in the backyard.

By: Amber Weinberg

Amber Weinberg — Sun, 19 Oct 2008 15:06:26 +0000

I found it interesting that a lady on the Dave Ramsey show last week or so made the comment that whenever clothes and cars go on clearance, everyone runs out to buy them as quickly as possible, yet when the stock market goes on “sale” everyone runs away. Thought it was a good point. Don’t normally play with stocks but when Apple was $80 a share it was hard to resist buying a few for fun :)

By: Moneymonk

Moneymonk — Fri, 17 Oct 2008 22:49:11 +0000

Good list as Warren Buffett said…be fearful when others are greedy, be greedy when other are fearful

By: Donny Gamble

Donny Gamble — Fri, 17 Oct 2008 21:41:40 +0000

Now this is how one should actually look on the state of the economy. Look at everything as being something positive, instead of taking everything and making it negative. This is the sounds of a true realist and investor.

By: jim

jim — Fri, 17 Oct 2008 19:33:51 +0000

I think we’re lucky in that we’re young, I’d be crapping my pants if I was older and wondering wtf happened to my retirement accounts.

By: kosmo

kosmo — Fri, 17 Oct 2008 14:05:09 +0000

The White House is not for sale, it is for rent (4 year lease). And the price is hardly reduced – hundreds of millions of dollars have been spent toward ensuring occupancy.

By: Tim

Tim — Fri, 17 Oct 2008 12:42:50 +0000

and start enjoying the people around you (free), start walking or biking (free if you have a bike), go travel since everyone is hurting so traveling is cheap again.

By: guinness416

guinness416 — Thu, 16 Oct 2008 20:53:51 +0000

Positivity, yay!

How about home improvement costs? We’ve locked in a guy at a great price – discounted, negotiated and all – to do some work for us next April. He’s a bit panicked about what his market may be like by then.

I’m trying to book an Xmas trip to the caribbean and am finding flights and hotels pretty pricy so far though. Grrr.

By: Mr. ToughMoneyLove

Mr. ToughMoneyLove — Thu, 16 Oct 2008 19:50:32 +0000

I appreciate the optimism. 75% of the market drop is due to lack of confidence, not fundamentals. So, until others regain confidence, take advantage in the ways you describe.

By: ChristianPF

ChristianPF — Thu, 16 Oct 2008 19:48:27 +0000

I completely agree with you on #6. I was just talking to someone about this yesterday. It is like boot-camp, you might get pushed farther than you thought you could go, but as a result you get stronger. You also walk away knowing that when the next crisis happens you can say, “i made it through that, so surely I can get through this.”