Comments on: Consumer Credit Deflating http://wallstreetpit.com/10207-consumer-credit-deflating Tue, 15 May 2012 22:32:33 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Frank Fitton http://wallstreetpit.com/10207-consumer-credit-deflating#comment-63651 Frank Fitton Wed, 09 Sep 2009 17:25:53 +0000 http://wallstreetpit.com/?p=10207#comment-63651 People’s memories of this time are not going to fade easily. Those free spending, free caring days I think are gone, at least for the foreseeable future. What I hope will emerge from this recession is a more financial responsible public. People are going to be weary, and that’s not necessarily a bad thing. I think when we do finally emerge from this downturn, that we’re going to see people saving a lot more money than they did in the past. That to me is a good thing. The borrow, borrow, borrow, spend, spend, spend, lifestyle is not one made for long term success. Eventually the bottom is going to fall out of anything like built like that. My dream is that a more secure, financial responsible America will emerge and that will be a country that is built on a solid foundation. It’s only going to take time. Check out my blog on the record cut in consumer debt at... http://www.thedebtgazette.com/2009/09/set-record-for-cutting-debt-july/ People’s memories of this time are not going to fade easily. Those free spending, free caring days I think are gone, at least for the foreseeable future. What I hope will emerge from this recession is a more financial responsible public. People are going to be weary, and that’s not necessarily a bad thing. I think when we do finally emerge from this downturn, that we’re going to see people saving a lot more money than they did in the past. That to me is a good thing. The borrow, borrow, borrow, spend, spend, spend, lifestyle is not one made for long term success. Eventually the bottom is going to fall out of anything like built like that. My dream is that a more secure, financial responsible America will emerge and that will be a country that is built on a solid foundation. It’s only going to take time.

Check out my blog on the record cut in consumer debt at… http://www.thedebtgazette.com/2009/09/set-record-for-cutting-debt-july/

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