Re: How Fast
We see a lot of these Donzi's, Fountain's, Cigarette's, etc. on the St Johns River running from Jacksonville and they're really flying, you can hear them coming a mile away and see those rooster tails!..Where these guys get all this money?...thought we were in a recession or something!...and they're burning $4.25/gallon marina gas!...Oh well, guess poverty builds character!
Ahhh... how the media twists our perceptions of reality. A recession benefits people who remain gainfully employed (with some exceptions).
You know who is in a recession? The extra 5.5% of the population (national average) that are unemployed. Some areas of the country are seeing growth, some areas have 15% unemployment. It averages out to 10% unemployment.
A recession can benefit individuals. It's the reaction -- the fear -- that keeps people from buying boats, and misc luxury items. The balance sheet for the individual looks better during a recession if they stay employed, get a low-rate mortgage, refi their cars, pay off debt with consolidation loans at all-time low rates.
It's not a broad, all-sweeping 100% true fact for all people, but generally speaking, the employed consumer benefits during a recession. It's the fear... the over saving and overall consumer mood (consumer confidence index) that weakens sales, and then hurts corporations, creating a spiral that is hard to beat.
Great deals on boats... boat slips.... sales and interest rates that are great, etc. Heck, I need a new tow vehicle. Without this recession, I could NEVER consider a F150 or Tahoe, etc. The interest rates and lack of discounts and rebates would stop me.
Heck, my boat was a steal because of the recession... because the owner, although employed, reacted to fear.
::steps off soap box::
