Prairie Eco-Thrifter
FEBRUARY 3, 2013
Hmmmm, in 2008 one of the biggest fears was that credit markets would dry up causing massive restrictions in banks lending to one another and therefore massive refusals to lend money to us. Ahem… , we all saw real estate fall in 2008, 2009 and 2010 – but do you believe that it is now on the rebound?
Prairie Eco-Thrifter
JUNE 23, 2011
If you are a young college student and are excited about the opportunities that await you after you receive your college diploma, you may want to read this post very carefully. You might have your diploma, but you may still have to work at McDonalds for a while longer… if you’re not prepared. Do you remember 2008?
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Savings Corner
APRIL 4, 2024
Even as inflation comes down and the Federal Reserve’s tightening cycle looks like it’s about to end , the economy still faces the risk of a recession. That may be fine if your goal is to preserve capital and maintain a steady flow of interest income. You’ll want to avoid being locked into below-market CDs for too long.
Prairie Eco-Thrifter
JUNE 28, 2012
GDP fell by 25% and markets crashed far more than they did in 2008. In my view there is likely to be a lot of pain in the global economy which is weighed down by huge amounts of debt at personal, business and government levels. This alone may be enough to match inflation or even beat it, depending on how high it goes in the future.
Prairie Eco-Thrifter
AUGUST 17, 2011
If you want to read up on that stuff, plenty of it was written in 2008 and 2009. I may replenish our supply of fuel oil, matches, candles, lamp oil and wicks. Some of you may know that I am on a mission to build wealth across generations in my family. Am I just weird or do some of you also react that way? Here are a few links.
Finally Frugal
JANUARY 12, 2011
That comment made me think about all of the news articles written by supposed 'experts' who predicted that we had (or would) hit bottom in 2008, or 2009, or 2010, or even 2011! It seems that those of us in the trenches (like my commenter) may have more insight than the experts!
Prairie Eco-Thrifter
JANUARY 10, 2017
When the Great Recession began in 2008/2009, my boss at the time (a Vice President of the company) and her spouse consulted their financial adviser to see what they should do. They asked him what would likely cause us to come out of recession. They said: “Following a 20-year decline, the U.S.
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