Your Aardvark feels the gnawing of the economic wolves at his hindquarters. This is not to say that they are about to repossess the baby's shoes, neither is foreclosure in the forecast. For some months I have apparently been whistling in the dark as to the state of our economy. Our anime convention sales are in the tank. we have two cons this weekend, one in Orlando, and one in Massachusetts. They have reeked. The Orlando show is the melding of two FL cons, one of which is a comic convention. I really should have nixed it because historically comic shows are the kiss of Death for us. The MA show has done little better (up to the reports I had last night.
John McCain said that the fundamentals of our economy are sound. As far as the words he used, the statement is correct. The UNSOUNDNESS lies in the pee-pul, exacerbated by the opinionated newsreaders they listen to, and the representatives they vote in.. Seizing upon the smallest downturn, the newsies flog it into a prophecy ot impending Depressions and global-warming induced Dust Bowls.
Where is Henry Fonda when we need him?
The ardent listeners hear the prophetic utterance, and fearfully strive to fulfil it. "Can't spend...I might lose my JOB." Fear begets its object. If we don't spend, then others will lose their jobs. Then, they can't buy from you, which means you may get downsized.
This is what would happen if everybody did.
Dave Ramseyites, I am not talking about credit-carding the nation into prosperity. Congress, and Helicopter Ben Bernanke have proven the lie in that remedy, though they do not seem to recognise it. "Let's print and spend more...HARDER!" I am saying that where one is able, one should behave rationally. Buy three presents instead of five. Eat at home rather than out, as much. But eat, and gift, and take some joy from your toil. Our household is budgeting Christmas strictly, but we are not Scrooge-ing.
Proverbs 10:24, "The fear of the wicked, it shall come upon him: but the desire of the righteous shall be granted."
Proverbs 29:25, "The fear of man bringeth a snare: but whoso putteth his trust in the LORD shall be safe."
Job 3:25, "For the thing which I greatly feared is come upon me, and that which I was afraid of is come unto me."
Fear is running our economy, and it is touching many people. Economies are essentially barter with an added step. If I buy something from you, then you can buy from me. If either of us fails, it upsets the ecomomy. Low sales = ultimate layoffs. The economy is not that bad, yet. If we behave like it is bad, then it surely will be.
Don't over-extend yourself. Don't over-spend, but do NOT succumb to fear. Keep saving, buy silver and gold when you can. Be thankful, do not fear.