My husband and I had an argument the other day because someone on one of the forums he frequents said that we are not in a recession, we just think we are. I agreed with Mr Anonymous, hence the argument. So to clarify for my husband and anyone else who cares to listen in, here are my thoughts on the subject.
” If you think you can, or think you can’t, you’re right.”- Henry Ford
This one sentence describes exactly what is happening to this economy right now. The television tells us the economy is bad, the DOW is down (who is this Dow guy and what does he have to do with me anyway?), retailers are quaking in their boots in anticipation of a bad holiday season . So what can we do but hold on to the money we have for the “just in case scenario”?
- Just in case we join the ranks of the jobless
- Just in case we are unable to pay holiday bills
- Just in case gas prices go up again
- Just in case our 401K continues to decrease in value
And what does all this just in casing (yes I know that’s bad grammar but bear with me) lead to? Retailers don’t make any money so they don’t hire as many seasonal workers, they pay less than they did last year to the ones they do hire, and they will definitely let people go when January rolls around.
Did I mention that they probably don’t order anything from their manufacturers, who then don’t order from their suppliers, who have to cut costs probably via layoffs and so on, and so on until our deepest darkest fears become reality and we have to take a pay cut or join the ranks of the unemployed.