Everyone is worried and afraid. I'm only seeing the upside and opportunity.
First, it will be nice to be able to enjoy all the "stuff" I have and worked hard to earn without seeing every six-pack Bubba with all the same stuff because he bought it on his home equity line that I'm going to have to pay.
Second, six-pack Bubba won't be able to get any more cash on credit that I'll have to pay for him.
Third, it will be nice to be courted by the lenders because I have good credit and a low income to debt ratio. Imagine that? What kind of free stuff is in store for me? Interest rates are going down, down, down.
Fourth, it will be fun to go buy a new car with cash next year when my business lease expires. The salespeople, dealers, and manufacturers will be so starved for that sale that I can only expect I'll steal a nicer car than six-pack Bubba has.
Fifth, I'll finally get into some ridiculous stock earnings that I missed during the dot com era. There is money to be made on undervalued stocks.
Sixth, I'm going to need a new house in the next 5 years. Real estate prices in Boston are holding steady. Just outside the city, prices are dropping. Keep on dropping. Interest rates are going down too. I'll be able to get that dream home.
Seventh, have you seen oil prices? We'll be back down below $70 per barrel soon. That should bode well for my new six-pack Bubba car, new diesel boat, and building materials.
Eigth, I'm really looking forward to contractors actually showing up to do work and competing for the job since six-pack Bubba won't be needing them anymore.
First, it will be nice to be able to enjoy all the "stuff" I have and worked hard to earn without seeing every six-pack Bubba with all the same stuff because he bought it on his home equity line that I'm going to have to pay.
Second, six-pack Bubba won't be able to get any more cash on credit that I'll have to pay for him.
Third, it will be nice to be courted by the lenders because I have good credit and a low income to debt ratio. Imagine that? What kind of free stuff is in store for me? Interest rates are going down, down, down.
Fourth, it will be fun to go buy a new car with cash next year when my business lease expires. The salespeople, dealers, and manufacturers will be so starved for that sale that I can only expect I'll steal a nicer car than six-pack Bubba has.
Fifth, I'll finally get into some ridiculous stock earnings that I missed during the dot com era. There is money to be made on undervalued stocks.
Sixth, I'm going to need a new house in the next 5 years. Real estate prices in Boston are holding steady. Just outside the city, prices are dropping. Keep on dropping. Interest rates are going down too. I'll be able to get that dream home.
Seventh, have you seen oil prices? We'll be back down below $70 per barrel soon. That should bode well for my new six-pack Bubba car, new diesel boat, and building materials.
Eigth, I'm really looking forward to contractors actually showing up to do work and competing for the job since six-pack Bubba won't be needing them anymore.
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