Obama - The beginning

Aliantha · 02-07-2009, 12:57 AM

People can't put off purchases forever. Eventually they have to start spending again. Usually that's when house prices drop so low that any old person can afford to buy one, so first off you have a whole new group of people buying houses which promotes growth in economic terms, but also in terms of labour. More jobs equals more spending equals more purchases equals more jobs etc etc etc. Inflation starts to rise and we all jump on the same merry go round again.

It's a cycle. It will correct itself eventually. Maybe some people will make wiser decisions next time round.

You don't always need the prettiest horse to get ahead.

02-07-2009, 12:57 AM	#11
Aliantha trying hard to be a better person Join Date: Jan 2006 Location: Brisbane, Australia Posts: 16,493	People can't put off purchases forever. Eventually they have to start spending again. Usually that's when house prices drop so low that any old person can afford to buy one, so first off you have a whole new group of people buying houses which promotes growth in economic terms, but also in terms of labour. More jobs equals more spending equals more purchases equals more jobs etc etc etc. Inflation starts to rise and we all jump on the same merry go round again. It's a cycle. It will correct itself eventually. Maybe some people will make wiser decisions next time round. You don't always need the prettiest horse to get ahead. __________________ Kind words are the music of the world. F. W. Faber

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)