Anyone Else feeling the Recession Bite?

capetownguy said:
I have an economics major. I don't doubt the economy is struggling and the effects are being felt by many.

My only point is that the troubles people face today in many cases are due to poor decision making and overspending for years, not simply due to a recessionary environment.
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You're obviously earning enough so you don't have to watch your spending. Think about people for whom the rates are a huge burden, and they have to turn lights off to scrimp and save. It's very easy to say people are overspending and it's their fault.
 
Sackboy said:
You're obviously earning enough so you don't have to watch your spending. Think about people for whom the rates are a huge burden, and they have to turn lights off to scrimp and save. It's very easy to say people are overspending and it's their fault.
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I think what the poster meant is that the overspending is what caused the whole world wide recession problem in the first place and he wasn't referring specifically to South Africa.
It was the over extension of credit and living beyond one's means in the US and else where that caused the bubble to grow.

In South Africa there are plenty of people who are suffering and not living beyond their means particularly the poorer people like domestic workers, gardeners, etc. who struggle just to feed their families.
 
well these tough times will weed out the good business people from your order takers . . . Seen too much of the later here in joburg in pretty much most business sectors coupled with arrogant attitudes.
The problem is this, if a guy earns R10k a month he buys a car for R3k a month a house for R5k . . . As soon as he earns R12k say its now a R4k car and R6k home. . . And people are spending money which they dont have on things which they dont need to impress people they dont like :) . . . In fact a lot of people are like this
 
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Impressing people is ultimately useless even if you are impressive. People waste money, like wasting bandwidth on Pictures and ads :D Disable them, because everything adds up. I myself will even pick up a 1cent if I see on the ground it is like jackpot for me.
 
"Recession, what recession?"

"Let's not talk ourselves into a depression. If it isn't here, we don't want to hasten its arrival."

It is here and has been for the last year. It is because we wanted to ignore the warning signs and continue on a materialistic path that we are in trouble today. "We" being the various countries' economies... Regardless of all his faults, Trevor Manuel has being urging us to tighten our belts and start saving for a good few years now.
 
I own a small printshop and April was worse than December when we close for 2 weeks. But May so far has been normal almost as if everyone was waiting to see how the election went.:rolleyes:
 
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