The bright side of a recession
The Economy June 28th, 2008
Although it might not fit the technical definition of a recession (2 consecutive quarters of negative growth), there is no doubt that most Americans already feel like we are in one.
But a recession doesn’t have to be a bad thing. Some of the most successful businesses were started during a recession.Also, a recession is a great time to get good bargains and to reconnect to what is really important in your life.
So I thought I would share with you guys this great article I found on Bankrate. com.
Happy Slowdown!
However, economists tell us there are some reasons to actually welcome and perhaps even embrace a recession. After all, a recession is the ebb part of the natural ebb and flow of the U.S. economy.
Just as surely as hot markets cool and bulls turn to bears, capitalist economies take a breather every so often to pause and reflect. If they didn’t, these corrections would be far crueler.
So, let’s smile, lift our half-full cups of regular unleaded and toast these 10 very good things about impending bad times.
10 Reasons to Love a Recession (according to Bankrate.com)
Family Dinners
Shorter Lines at the Pump
Less Junk Mail
More Coupons
Free Fitness
Bargain SUVs
Business Startup Opportunities
Growth in Gardening
Musical Inspiration
New Perspectives
Perhaps the greatest boon of a recession is the time to reflect and reassess the true meaning and goals of our lives.
Look, recessions are just a part of the regular business cycle. One of the problems in this country is that we always try to avoid pain and we look for the government to bail us out every time we get in trouble. Let’s the market do its thing and before we know it, we’ll be back to the good old days of prosperity.
