consumer: GOVERNMENT INTERVENTION OR CONSUMER CONFIDENCE
- 12/29/08 03:47 AM
What's needed to bolster the economy is not more government help. It's genuine consumer confidence. Yes, unemployment is close to 10% in some areas, but that means 90% of able workers are employed. If a person is employed and has a stable job, this is the perfect environment to look for wealth-building opportunities. The market has many bargains, and real estate has not had such value in a long time. The consumer needs to be thinking about purchases that will appreciate over the years and not look for bargains on things that lose their value over time. The major hurdle is financing. … (0 comments)
What's needed to bolster the economy is not more government help. It's genuine consumer confidence. Yes, unemployment is close to 10% in some areas, but that means 90% of able workers are employed. If a person is employed and has a stable job, this is the perfect environment to look for wealth-building opportunities. The market has many bargains, and real estate has not had such value in a long time. The consumer needs to be thinking about purchases that will appreciate over the years and not look for bargains on things that lose their value over time.
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