Potential Big GFC Discussion Thread - Australian Ford Forums

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Potential Big GFC Discussion Thread

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29-08-2011, 04:26 PM

#11

MAD

Petro-sexual

Join Date: Dec 2004

Location: Melbourne

Posts: 4,527

Re: Potential Big GFC Discussion Thread

Quote:

Originally Posted by AMGC63

I agree reckless spending with credit is stupid, always has been, always will, its not a new philosophy, you only buy what you can afford to repay quickly.

Unfortunately that's pretty much what has propped up this country, especially retail.

Now people are 'smartening' up paying off their debts, keeping their plasma TV for longer, not buying a stainless fridge just because it looks cool and thinking twice about a PS3.

When the economy relies on 'sheep spending', then it will suffer the consequences of 'sheep saving'.

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