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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.19-0.7%Dec 2 4:00 PM EST

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To: Snowshoe who wrote (82026)10/24/2011 12:47:37 PM
From: Ilaine2 Recommendations  Read Replies (2) of 218148
 
Agree with the gist of your argument, but US consumers turning thrifty is kind of scary to think about... ;>)

Conspicuous consumption is "out." Thrift is "in."

We are inundated daily with credit card offers which go right into the shredder.

Husband wanted to get a new Prius to save money on gas but I talked him into keeping his paid-for Subaru. Son was also thinking about a Prius but I talked him into keeping his paid-for Toyota Tacoma. No car payment is cheaper than low gas mileage.

Given up on restaurants. Cooking and eating at home, brown bagging it to lunch.

Main reason we are saving, not spending, is uncertainty about what those idiots in Congress are going to do next. Shut down the government, tax the "rich", get rid of the mortgage interest deduction, who knows?
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