Yesterday on the news some think tank group the observes the economy officially declared the US to be in recession. According to them we have been in recession for eleven months now.
The National Bureau of Economic Research, a nonprofit economists group in Cambridge, Mass., says the current economic recession began in December 2007…
But here are a few good things about being in a recession:
The price of gas –
We locally can buy gas for $1.69 a gallon. But just a few months ago we were paying almost $4.00 a gallon.
Couples staying together because of poor economy
Sometimes the financial implications of a divorce are so grim that a couple whose marriage is on the rocks decide to give it another try.
Kent Peterson, a longtime divorce mediator in Wayzata, Minn., said a young couple from the Minneapolis area were moving toward separation until they got a look at all the costs involved in divorce.
“The thinking was they need to work a little harder and stay together because of the changing asset picture,” he said.
Good for our lives –
Secretary of the Treasury Andrew Mellon “… it will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up the wrecks from less competent people,” when discussing the 1929 crash of the stock market.
Repairing instead of replacing –
NPR had a news article today about how Americans are repairing older cars instead of buying new ones due to the economy.
It may improve your health.
But best of all it may cause you to reevaluate your relationship with God.