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Jawns vs Recession


panicnation

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2) We'll be out of the recession by July, and things will be back to normal so buy up stocks now while they're a bargain.

what? if this was widely-held view, I think people would have much more confidence in the economy right now. we are nowhere near finished feeling the effects of this... for lack of better words, I'm going to use the "ripples in a pond" analogy. save your money.

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what? if this was widely-held view, I think people would have much more confidence in the economy right now. we are nowhere near finished feeling the effects of this... for lack of better words, I'm going to use the "ripples in a pond" analogy. save your money.

i know next to nothing about economics, but damn i need some good advice to save our collective asses here.

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Everything is fine. Stocks don't go up indefinitely, home values don't raise by 18% a year forever, and you can't spend 110% of your paycheck without a correction to bring pricing back within the range of median income. Save 10% of your gross income, don't buy a $500,000 house in a $200,000 location/neighborhood, spend whatever's left on what you want. So in short, kop dem jawns.

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