Originally Posted by
Platy
Lately, American consumption of goods and services has been powered by cheap credit and cheap energy. We've certainly bumped up against our national credit limit and we've arguably run into a shortage of cheap energy. The upcoming recession will reduce American consumption by an amount that brings it back in line with our national income and the credit and energy constraints.
For most individuals and probably most communities, there is a way to respond to an emergency situation like a recession. Yes, it is necessary to cut back on cheap energy and credit.
A possible way to do this is to look at all the resources you have available. An obvious one for most readers here is to keep using the bicycle as a means of transportation.
However, it may also be a time for looking into other cost-cutting measures. Trying to keep the utility bill down. Getting rid of the cell phone. Growing your own potatoes instead of buying them. Trading services with someone else.
Of course, all of this presumes you still have a job or at least some small, steady income.