Comments on: How to Recession Proof Your Income http://www.mydebtfreegoal.com/2008/03/how-to-recession-proof-your-income.html My Debt Free Goal Wed, 18 Aug 2010 00:48:40 +0000 hourly 1 By: Debt Free or Bust - Sherri http://www.mydebtfreegoal.com/2008/03/how-to-recession-proof-your-income.html/comment-page-1#comment-2017 Debt Free or Bust - Sherri Sat, 19 Apr 2008 06:02:40 +0000 http://www.mydebtfreegoal.com/2008/03/how-to-recession-proof-your-income.html#comment-2017 I think we're going into a recession. By the economic definition, 6 consecutive months of negative growth of the gross domestic product, can only be determined by the time we've been in a recession for at least 6 months. Even though the GDP may continue to be slightly positive, many local areas are in a recession. In South Louisiana we're actually in a serious recession and the New Orleans economy is still mostly collapsed. They're below a recession economically. I don't believe government spending can continue at the huge deficit its currently at, and at the level of the national debt. The trade deficit with China was $1.53 trillion on January 29, 2008 and it grows by $1 billion per day. This can't continue without serious economic consequences to our country. Sherri I think we’re going into a recession. By the economic definition, 6 consecutive months of negative growth of the gross domestic product, can only be determined by the time we’ve been in a recession for at least 6 months.

Even though the GDP may continue to be slightly positive, many local areas are in a recession. In South Louisiana we’re actually in a serious recession and the New Orleans economy is still mostly collapsed. They’re below a recession economically.

I don’t believe government spending can continue at the huge deficit its currently at, and at the level of the national debt. The trade deficit with China was $1.53 trillion on January 29, 2008 and it grows by $1 billion per day. This can’t continue without serious economic consequences to our country.

Sherri

]]> By: Kevin http://www.mydebtfreegoal.com/2008/03/how-to-recession-proof-your-income.html/comment-page-1#comment-1810 Kevin Fri, 07 Mar 2008 21:58:33 +0000 http://www.mydebtfreegoal.com/2008/03/how-to-recession-proof-your-income.html#comment-1810 We are definately in a recession!!! We are definately in a recession!!!

]]> By: admin http://www.mydebtfreegoal.com/2008/03/how-to-recession-proof-your-income.html/comment-page-1#comment-1807 admin Thu, 06 Mar 2008 21:30:30 +0000 http://www.mydebtfreegoal.com/2008/03/how-to-recession-proof-your-income.html#comment-1807 I am a Dave Ramsey fan, but I disagree with him on that point. I believe we are in a recession. I am a Dave Ramsey fan, but I disagree with him on that point. I believe we are in a recession.

]]> By: Andi http://www.mydebtfreegoal.com/2008/03/how-to-recession-proof-your-income.html/comment-page-1#comment-1806 Andi Thu, 06 Mar 2008 19:25:53 +0000 http://www.mydebtfreegoal.com/2008/03/how-to-recession-proof-your-income.html#comment-1806 I thought you were a Dave Ramsey fan? He has emphatically stated repeatedly that we are NOT in a recession, just slow growth economy. However, I still agree with what you are saying. Never put all your eggs in one basket...recession or no recession. I thought you were a Dave Ramsey fan? He has emphatically stated repeatedly that we are NOT in a recession, just slow growth economy. However, I still agree with what you are saying. Never put all your eggs in one basket…recession or no recession.

]]> By: Kelly http://www.mydebtfreegoal.com/2008/03/how-to-recession-proof-your-income.html/comment-page-1#comment-1800 Kelly Tue, 04 Mar 2008 15:08:12 +0000 http://www.mydebtfreegoal.com/2008/03/how-to-recession-proof-your-income.html#comment-1800 @kuhtrinerovegno, the point is that you shouldn't have all your income come from the same place. @kuhtrinerovegno, the point is that you shouldn’t have all your income come from the same place.

]]> By: Jenn Dize http://www.mydebtfreegoal.com/2008/03/how-to-recession-proof-your-income.html/comment-page-1#comment-1799 Jenn Dize Tue, 04 Mar 2008 05:36:41 +0000 http://www.mydebtfreegoal.com/2008/03/how-to-recession-proof-your-income.html#comment-1799 Ding, Ding! Amy, I appreciate this post greatly. While I haven't thought as much about the recession as I should be, your comment that just because the US is in a recession doesn't mean everyone is. All the more reason to appeal to other markets, and do niche research for markets around the world :) Ding, Ding! Amy, I appreciate this post greatly. While I haven’t thought as much about the recession as I should be, your comment that just because the US is in a recession doesn’t mean everyone is. All the more reason to appeal to other markets, and do niche research for markets around the world :)

]]> By: kuhtrinerovegno. http://www.mydebtfreegoal.com/2008/03/how-to-recession-proof-your-income.html/comment-page-1#comment-1796 kuhtrinerovegno. Tue, 04 Mar 2008 03:32:04 +0000 http://www.mydebtfreegoal.com/2008/03/how-to-recession-proof-your-income.html#comment-1796 the point of this being....? the point of this being….?

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