The economic slowdown has been characterized as “consumers are de-leveraging”, which is an interesting turn of phrase that means that people are not borrowing money to spend. The importance is dependent on your perspective. Those people who are not borrowing money to spend are thus suffering the pangs of a lowering of their lifestyle, which depended on borrowing money to spend; and then they come around, whining about stupid things…
September 30th, 2008 | Mogambo Guru | 1 comment | Continued Our DR Global Editions: 
Saturday, January 10th, 2009
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2009-01-09 00:10 Most Comments
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Pravin, I'm pretty certain that Unpopular was being sarcastic.
John | 10Jan09 | More -
I enjoyed that, pretty funny! Thanks!
John | 10Jan09 | More -
Dear Don, hi, I reckon that you should read these 2 books: Rich Dads prophecy- why the biggest stock market ...
christina | 10Jan09 | More -
huh?. war gets people to spend?. you are clearly oblivious to the horrendous destruction of wealth that war will bring ...
Pravin | 9Jan09 | More -
Great reading Dan! I and I'm sure many others will be tuning in next week.
Ross | 9Jan09 | More -
Good call! Well, except for the death part, but something I didn't consider thats for sure
Pete | 9Jan09 | More -
Sounds like we need a good old fashioned war to get people spending again.
Nothing makes people stop saving like the ...
Unpopular Truth | 9Jan09 | More -
Don. I assume that you are located in Australia. Seek out a several professional opinions (many preliminary consultations are ...
Coffee Addict | 9Jan09 | More -
Is it just me, or are they going about fixing this all backwards?!
Take my situation. 12 months ago I changed ...
mr. pete | 9Jan09 | More -
Hi Pete, Marc Faber is a long term bear and is worth listening to in my opinion. Mind you like ...
Greg Atkinson | 9Jan09 | More
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Pravin, I'm pretty certain that Unpopular was being sarcastic.
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