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May 28, 2009 at 5:38 pm
Ted Seeber
My life changed….quite a bit. We’re savers now, we weren’t before the last recession. We’ve paid off our credit cards and almost all of our consumer debt (that resort that didn’t want to give up maintenance fees on the timeshare we defaulted on 8 years ago isn’t going to get a dime- they can sue me and we’ll see what a judge has to say).
Our house is right side up on the mortgage, and we’ve planted a victory garden to boost against the coming food famine.
In other words, we’re better off than if the recession hadn’t happened.
On the bad news side, be prepared for rounds 2 and 3- new deflation this summer when the state governments lay off loads of people July 1st, followed by hyperinflation as the feds try to print enough money to keep the federal government in business past October 1st.