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Originally Posted by cleanspeed1
Now folks are going to be very cautious about spending, looking for the best deals possible, conserving capital and energy.
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Err... This changes my life how, exactly?
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Even when things improve, it won't automatically translate to higher spending. It'll be good for personal saving rates but bad for consumerism.
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But since (IMHO, anyway) consumerism is bad for all sorts of things, that works out to a net win. Sorta like saying diet & exercise are bad for obesity, you know?