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Q.

The US citizens have been advised to keep a watch on consumerism which means less expenditure and this is bound to spread globally. Are we heading towards the stone age?

Asked by gem mina, 29 Jan '09 09:47 am
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Answers (4)

1.

On the contrary gem mina ji, US consumers are expected to spend. That's how the economy will rebound. All kinds of incentives are thrown at them to spend their last penny. Tax breaks, heavily discounted sales , stimulus packages - enticing average Joe to go out and spend whatever he is left with..so much so they are selling "buy 1 car, get 1 free" in Florida! Can you believe it ?!! Businesses are closing shop because people aren't spending and that is not because "they are adviced" to, imho, but because they are tightening their belts (and wallets) with an eye to weather "rainy day" (or a wintery-snowy day, if you will, as\ most part of US is blasted with tundra-isque weather these days). The consumers, with job losses and dwindling savings are truly counting their pennies. The situation is dismal but not completely hopeless. It will slowly turn around - by EOY , positively. As of now, there aren't any lines extending for bread and bowl-of-soup a ...more
Answered by Mayala Fakir, 31 Jan '09 01:07 pm

 
  
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2.

SAVE your money. Don' let the money go into the market system.
The market will go into deeper recession.
The capitalists and the big business houses will be the worst hit and will start to close their business. AND when they close their business, there will be hordes of money into the financial system.
When this happens, recession will go and normalcy will return.
If other words, TRUE money sense will take place and speculation at the cost of the poor or small people will end.
Answered by HA HA, 29 Jan '09 10:47 am

 
  
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3.

Necessity beckons that we must adopt it. An increasing consumption of goods is economically beneficial. We must try to spend less on comforts to prevent further recession.
Answered by ankit shivam, 29 Jan '09 09:52 am

 
  
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4.

No towards indignisation
Answered by sushil trivedi, 29 Jan '09 09:51 am

 
  
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