Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: sandiegobear who wrote (17625)	3/31/2002 4:36:05 AM
From: elmatador	Read Replies (1) of 74559

Hi SBG! I start with the conclusion: The perception of person that the economy, government and institutions create a 'feel good effect' (FGE). FGE, is very dangerous. It drive a person to spend and not save. I have always saved. Even when there was 'nothing' to be saved, I managed to save. The perception that the interests of the state and the economy -even if the government created a mini 'economic 'miracle' on the early seventies- weren't aligned with my own interests, forced me to save. This dawned on me when I was caught -1976- with my hand in a microwave antenna 63m above ground level. The fact that I was hurt -not seriously- stopped working for 3 weeks and the knowledge that I would be in for a rough ride had I lose my capacity to work, made me another man. I remembered discovering: "Here you have to have money!" Then I started saving. I loaned money to spendthrift colleagues who made the triple of my salary. That because I got my per diem, and stayed on very simple hotels and didn't spend on any 'luxury'. You may ask: What's Elmat FGE, then? I feel good if I had implemented all that and I was right on my decision. That's my effect I've got.

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