Tish Tischer Blog -  Debt in the US , family debt has tripled in the last 4 years!  Housing Prices in the US average 6.9 percent increase over the last 50 years -- on a 7-14 year cycle. -- the extreme of this current downturn was exaserbated by 911. High demand coupled with a temporary halt to construction lead to a short term shortage of homes and the runup of prices experienced in 2004-2007.

Production caught demand in 2006 and inventory burgeoned.

Today, the collision of excess barrowing, questionable lending practices, falling home prices, a credit crisis and we have the golden goose eating its own eggs. Recession is when we have a job but cannot pay all our obligations, Depression is when we don't have a job and can't pay any of our bills.

Confidence is the way out but that requires Faith -- and Faith requires work. Kindness and work produce Good.

Discipline to Serve Others - Serves the Common Good.  Thus, Serve God and Your Fellow Man -- makes a lot of sense. Credit Card Housing does not serve the Common Good. - It is greed based and selfish.  As a society we need to serve others to create value.  We once had usary laws that protected the less capable from excess interest charges. What happened?

Each of us can barrow less and save more which means invest in our society than barrow from it. We are fortunate that productivity continues to improve with scientific help but the propesity to save seems to still evade many of us - the answer to this turn down in the economy is for us to invest in productivity and make this a better place in which to live!

Tish

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