Recession Wisdom

13 ~ that's how many recessions the United States has endured since the crash of 1929 (not including the one we're in).  Most were short, you'll be happy to know, and were followed by long periods of prosperity.  Only three lasted more than a year.

Here are a few quotes from pasted recessions that caught my eye and I thought you might also like.

February 1974 ~ Let's not kid ourselves.  Our birthright as Americans, if it is anything, is independence.  It's up to us to see that we don't sell that birthright for a barrel of oil.  Walter J. Hickel, Governor of Alaska 1966-1969, Secretary of the Interior, 1969-1970

February 1963 ~ Prosperity is when people buy things they can't afford; recession is when they stop doing it.  H.E. Martz, The Wall Street Journal

November 1926 ~ The economics of installment selling (buying on credit) is far worse even than at first it seems... Installment buying, as a habit, is enervating to character because it leads straight to serfdom.  If anything is un-American, surely that is!  J. George Frederick, The Independent

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We have been here before and we will be here again.  Do the best you can with what you have, work hard, play with zest and laugh with family and friends as often as you can.  Live each day, plan for the future, and eat, drink and be merry!

Remember that stuff is just stuff.  You cannot take it with you, it does not fill any voids and most importantly, you can't take it with you!  Be wise about what you spend your money on.

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