Quote:
Originally Posted by Slava
The quote there that millenials are managing this better is surprising to me. Not because it's millenials, but because some have said that due to their spending habits we avoided recession over the past couple of years. I wish I could remember his exact comments, but one speaker I heard said that all their spending on craft alcohols, lattes and whatever else was easy to make fun of, but also boosted spending by a significant amount.
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Reminds me of the old saying:
"If you watch the pennies, the dollars will look after themselves".
As far as avoiding a recession is concerned, the way I see it is that everything is being done to keep it from happening like lowering interest rates and printing money. However, in my experience, the governments can only do so much until the day of reckoning finally arrives.