SKye's Blog

oftwominds.com Readers Journal-Hanging On or How to get through a depression and enjoy life

oftwominds.com Readers Journal-Hanging On or How to get through a depression and enjoy life

By June 1930, with the depression 8 months old, "[t]he panic had subsided and the wreckage had been cleared away. Most people could look about them and see just about where they stood." Though the spring had passed "[t]here was an air of puzzlement but the optimism was there, too" with many still expressing the belief that " 'prosperity is just around the corner.’ "

As the author explains (48-49) this idea: "would be repeated and repeated. When the fall had some and gone, people talked about the upturn that would come the next spring. The next spring people would say that the upturn would come in the summer, and so on. The thing is that people really believed this. They had a blind faith in it, and because they did, they set up a pattern of living called 'hanging on.’

VERY interesting reading... When will the upturn be? Are some of us just "hanging on". Think of this link as almost a "Survival Guide", let it enter your thoughts and your mind, and try to figure out how you and your family are going to make it through the long-haul... (makes you think twice about spending that tax return on a vacation, when in reality, you need to be buying some food so you'll have a year-supply)... Anyway, enjoy the paradidgm shift :)

(1) comment(s):

An economist was recently interviewed on NPR. He blamed the recession on consumer debt. He claimed that from 2000 to 2008 the amount of consumer debt in the US rose from 50% of the GDP to 100% of the GDP. He said that the last time consumer debt reached 100% of the GDP was in 1929. Very interesting.
-- Mark

posted by  Anonymous : 08 March, 2009 16:38

Post a Comment http://dskye.blogspot.com/2009/03/oftwomindscom-readers-journal-hanging.html

Archives

August 2003   September 2003   October 2003   November 2003   December 2003   January 2004   February 2004   March 2004   April 2004   May 2004   June 2004   July 2004   August 2004   September 2004   October 2004   November 2004   December 2004   January 2005   February 2005   March 2005   April 2005   May 2005   June 2005   July 2005   August 2005   September 2005   October 2005   November 2005   December 2005   January 2006   February 2006   March 2006   April 2006   May 2006   June 2006   July 2006   August 2006   September 2006   October 2006   November 2006   December 2006   January 2007   February 2007   March 2007   April 2007   May 2007   June 2007   July 2007   August 2007   September 2007   October 2007   November 2007   December 2007   January 2008   February 2008   March 2008   April 2008   May 2008   June 2008   July 2008   August 2008   September 2008   October 2008   November 2008   December 2008   January 2009   February 2009   March 2009   April 2009   May 2009   June 2009   July 2009   September 2009   October 2009   November 2009   January 2010   April 2010   May 2010   June 2010   August 2010   September 2010   October 2010   November 2010   May 2011   September 2011   November 2011   June 2012   January 2019