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	<title>Comments on: What&#8217;s the silver lining in this recession?</title>
	<atom:link href="http://pecuniarities.com/whats-the-silver-lining-in-this-recession/4147/feed" rel="self" type="application/rss+xml" />
	<link>http://pecuniarities.com/whats-the-silver-lining-in-this-recession/4147</link>
	<description>'Tis not a crime to pinch a penny</description>
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		<title>By: Jacee</title>
		<link>http://pecuniarities.com/whats-the-silver-lining-in-this-recession/4147/comment-page-1#comment-5771</link>
		<dc:creator>Jacee</dc:creator>
		<pubDate>Sat, 15 Aug 2009 09:42:58 +0000</pubDate>
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		<description>i am hoping that the global economy would recover from this economic recession. life has been very hard with these massive job cuts.</description>
		<content:encoded><![CDATA[<p>i am hoping that the global economy would recover from this economic recession. life has been very hard with these massive job cuts.</p>
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		<title>By: liquidmelatonin</title>
		<link>http://pecuniarities.com/whats-the-silver-lining-in-this-recession/4147/comment-page-1#comment-5737</link>
		<dc:creator>liquidmelatonin</dc:creator>
		<pubDate>Mon, 27 Jul 2009 14:41:22 +0000</pubDate>
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		<description>the Economic Recession has been pretty hard on us. some of my friends lost their job because of the massive job cuts. i just hope that our economy becomes better in the following years.</description>
		<content:encoded><![CDATA[<p>the Economic Recession has been pretty hard on us. some of my friends lost their job because of the massive job cuts. i just hope that our economy becomes better in the following years.</p>
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		<title>By: Lindsay</title>
		<link>http://pecuniarities.com/whats-the-silver-lining-in-this-recession/4147/comment-page-1#comment-5405</link>
		<dc:creator>Lindsay</dc:creator>
		<pubDate>Mon, 25 May 2009 05:54:46 +0000</pubDate>
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		<description>I guess I listen too much to folks like Gerald Celente and Peter Schiff, but I&#039;m not convinced this recession will ever be &quot;over&quot; in a sense that we get to return to 3-car garages and McMansions for the middle class.  

The silver lining depends on the person.  If you aspire to wealth, I suppose the old phrase that wealth isn&#039;t destroyed, it&#039;s merely transferred comes to mind.  With times of upheaval come some of the greatest opportunities for those who look for them.

&lt;abbr&gt;&lt;em&gt;Lindsay’s last blog post..&lt;a href=&quot;http://offtheurbangrid.com/edible-landscaping/edible-ground-covers-to-replace-your-grass-lawn&quot; rel=&quot;nofollow&quot;&gt;Edible Ground Covers to Replace Your Grass Lawn&lt;/a&gt;&lt;/em&gt;&lt;/abbr&gt;</description>
		<content:encoded><![CDATA[<p>I guess I listen too much to folks like Gerald Celente and Peter Schiff, but I&#8217;m not convinced this recession will ever be &#8220;over&#8221; in a sense that we get to return to 3-car garages and McMansions for the middle class.  </p>
<p>The silver lining depends on the person.  If you aspire to wealth, I suppose the old phrase that wealth isn&#8217;t destroyed, it&#8217;s merely transferred comes to mind.  With times of upheaval come some of the greatest opportunities for those who look for them.</p>
<p><abbr><em>Lindsay’s last blog post..<a href="http://offtheurbangrid.com/edible-landscaping/edible-ground-covers-to-replace-your-grass-lawn" rel="nofollow">Edible Ground Covers to Replace Your Grass Lawn</a></em></abbr></p>
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		<title>By: Abigail</title>
		<link>http://pecuniarities.com/whats-the-silver-lining-in-this-recession/4147/comment-page-1#comment-5354</link>
		<dc:creator>Abigail</dc:creator>
		<pubDate>Mon, 18 May 2009 04:23:21 +0000</pubDate>
		<guid isPermaLink="false">http://pecuniarities.com/?p=4147#comment-5354</guid>
		<description>I guess for me the silver lining is that Americans got snapped out of their ridiculous, debt-ridden reverie. I don&#039;t know that it will last. I&#039;m actually pretty sure it won&#039;t. But if even a small percent of Americans learn something about frugality/living within their means, that&#039;s something. 


I know it&#039;s awful to be suffering when you&#039;ve been responsible. But I do think America had an Icarus complex. We flew too close to the sun, despite the obvious perils, and now we&#039;re coming crashing down. I hope our landing will softer than our mythological counterpart&#039;s. But it was a realization that needed to come. 


We&#039;ve all been living more and more tenuously since I can recall. Even things like the S&amp;L debacles didn&#039;t thoroughly stunt this problem. Unfortunately, it takes something like this to get the whole country to notice. I don&#039;t think this will come close to ridding Americans of their overwhelming sense of entitlement. But it did put a dent in that assumption, at least. I don&#039;t know that we can be a truly great nationa again until we realize that there are consequences. For up times, there will, at some point, be a downward spiral to compensate. And that is something we must bear. Today there is still a sense of outrage that we are finally taking our lumps for the decades of drastic growth. It exists in much smaller amounts than it did at the outset of this recession, but it&#039;s still virulent. And until we can shake off this belief that we deserve to always make money in stocks, that owning a house is not a right, and that things won&#039;t always go our way, we&#039;re doomed to a boom and bust cycle that will shake us to the very core.

So, in my eyes, while this recession deals us a bitter medicine, it&#039;s a dose we very much need.

&lt;abbr&gt;&lt;em&gt;Abigail’s last blog post..&lt;a href=&quot;http://feedproxy.google.com/~r/IPickUpPennies/~3/A4go2zZXgiA/smores-you-foul-temptress.html&quot; rel=&quot;nofollow&quot;&gt;S&#039;mores, you foul temptress!&lt;/a&gt;&lt;/em&gt;&lt;/abbr&gt;</description>
		<content:encoded><![CDATA[<p>I guess for me the silver lining is that Americans got snapped out of their ridiculous, debt-ridden reverie. I don&#8217;t know that it will last. I&#8217;m actually pretty sure it won&#8217;t. But if even a small percent of Americans learn something about frugality/living within their means, that&#8217;s something. </p>
<p>I know it&#8217;s awful to be suffering when you&#8217;ve been responsible. But I do think America had an Icarus complex. We flew too close to the sun, despite the obvious perils, and now we&#8217;re coming crashing down. I hope our landing will softer than our mythological counterpart&#8217;s. But it was a realization that needed to come. </p>
<p>We&#8217;ve all been living more and more tenuously since I can recall. Even things like the S&amp;L debacles didn&#8217;t thoroughly stunt this problem. Unfortunately, it takes something like this to get the whole country to notice. I don&#8217;t think this will come close to ridding Americans of their overwhelming sense of entitlement. But it did put a dent in that assumption, at least. I don&#8217;t know that we can be a truly great nationa again until we realize that there are consequences. For up times, there will, at some point, be a downward spiral to compensate. And that is something we must bear. Today there is still a sense of outrage that we are finally taking our lumps for the decades of drastic growth. It exists in much smaller amounts than it did at the outset of this recession, but it&#8217;s still virulent. And until we can shake off this belief that we deserve to always make money in stocks, that owning a house is not a right, and that things won&#8217;t always go our way, we&#8217;re doomed to a boom and bust cycle that will shake us to the very core.</p>
<p>So, in my eyes, while this recession deals us a bitter medicine, it&#8217;s a dose we very much need.</p>
<p><abbr><em>Abigail’s last blog post..<a href="http://feedproxy.google.com/~r/IPickUpPennies/~3/A4go2zZXgiA/smores-you-foul-temptress.html" rel="nofollow">S&#8217;mores, you foul temptress!</a></em></abbr></p>
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