Comments on: The Financial Sky Is / Is Not Falling http://www.ncnblog.com/2008/11/29/the-financial-sky-is-is-not-falling/ Debt Reduction Rocks - We Are Living Debt Free! Fri, 10 Feb 2012 00:09:10 +0000 hourly 1 By: Nick http://www.ncnblog.com/2008/11/29/the-financial-sky-is-is-not-falling/comment-page-1/#comment-138561 Nick Tue, 02 Dec 2008 21:13:04 +0000 http://www.ncnblog.com/?p=1901#comment-138561 The economy is built on confidence, and while this indicator may not be a 'real' indicator of economic health, it certainly doesn't help. If people believe things are getting better, that they will make more money, have more to spend, etc., things improve. The economy is built on confidence, and while this indicator may not be a ‘real’ indicator of economic health, it certainly doesn’t help. If people believe things are getting better, that they will make more money, have more to spend, etc., things improve.

]]> By: Adam http://www.ncnblog.com/2008/11/29/the-financial-sky-is-is-not-falling/comment-page-1/#comment-138545 Adam Tue, 02 Dec 2008 15:02:35 +0000 http://www.ncnblog.com/?p=1901#comment-138545 Ok sales were up 3%, but isn't inflation this year more then 3%? so that actually means that spending is down. Ok sales were up 3%, but isn’t inflation this year more then 3%? so that actually means that spending is down.

]]> By: Sheri http://www.ncnblog.com/2008/11/29/the-financial-sky-is-is-not-falling/comment-page-1/#comment-138464 Sheri Mon, 01 Dec 2008 23:54:42 +0000 http://www.ncnblog.com/?p=1901#comment-138464 I thought this was an indication that people are trying to get the best price for items when the sales are good...if sales continue up then I am wrong. We draw names in our family and decided to drop the $$ amount in half. I also use a Christmas Club to save up for the holiday each year. Enjoy your blog. I thought this was an indication that people are trying to get the best price for items when the sales are good…if sales continue up then I am wrong. We draw names in our family and decided to drop the $$ amount in half. I also use a Christmas Club to save up for the holiday each year. Enjoy your blog.

]]> By: BuildMyBudget http://www.ncnblog.com/2008/11/29/the-financial-sky-is-is-not-falling/comment-page-1/#comment-138378 BuildMyBudget Mon, 01 Dec 2008 03:34:58 +0000 http://www.ncnblog.com/?p=1901#comment-138378 Yeah, I'm not so sure that this report is 100% either, but I choose to look at in a win/win light. On one hand, an increase in spending would greatly help restore a little confidence in the American economy and deter additional job cuts. On the other hand, if the report isn't accurate then hopefully Americans have begun to tune in to the times and are cutting spending. Cheers! Yeah, I’m not so sure that this report is 100% either, but I choose to look at in a win/win light. On one hand, an increase in spending would greatly help restore a little confidence in the American economy and deter additional job cuts. On the other hand, if the report isn’t accurate then hopefully Americans have begun to tune in to the times and are cutting spending. Cheers!

]]> By: SimplyForties http://www.ncnblog.com/2008/11/29/the-financial-sky-is-is-not-falling/comment-page-1/#comment-138345 SimplyForties Sun, 30 Nov 2008 23:44:13 +0000 http://www.ncnblog.com/?p=1901#comment-138345 I had the same reaction when I read that article. I wanted to see that consumer spending was down as a reflection that we had learned our lessons and were going forward more responsibly. We can argue as to whether a recession/depression truly exists but we can not argue with the layoffs and foreclosures. People are hurting, they shouldn't be spending. I wonder if they are spending as a reflection of what's going on, as in "we lost our house and our jobs but at least we are going to have a good Christmas". If that's the case, it's pretty short-sighted and means families are not pulling together and scaling back Christmas. I’m afraid it means that lots of people are just not willing to change their spending habits. I had the same reaction when I read that article. I wanted to see that consumer spending was down as a reflection that we had learned our lessons and were going forward more responsibly. We can argue as to whether a recession/depression truly exists but we can not argue with the layoffs and foreclosures.

People are hurting, they shouldn’t be spending. I wonder if they are spending as a reflection of what’s going on, as in “we lost our house and our jobs but at least we are going to have a good Christmas”. If that’s the case, it’s pretty short-sighted and means families are not pulling together and scaling back Christmas.

I’m afraid it means that lots of people are just not willing to change their spending habits.

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