Black People : Great things about the Recession?

Discussion in 'Black People Open Forum' started by Knowledge Seed, May 29, 2010.

  1. Knowledge Seed

    Knowledge Seed Well-Known Member MEMBER

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    Over the past year and a half, we've heard all the negative things about the Recession: lost jobs, a mortgage crisis, a demolished stock market, etc.

    But lets try to look for some positives.

    Did the Recession force you to become more thrifty? Is your new found frugality something that you will carry throughout the rest of your life?

    A lot of institutions, including federal ones, have absorbed many assets that they want to desperately get rid and are willing to sell at a deep discount to its value. Is anyone out there buying this stuff?(foreclosed homes, repossessed cars, etc)

    What valuable opportunities are you out there taking advantage of?
     
  2. Ankhur

    Ankhur Well-Known Member MEMBER

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    Hopefully it will get us to think of collective economic, collective purchasing, community farms, and other colective methodologies of real survival since this ecession will turn into a depression that will make the one in the 30s look like a picnic.
     
  3. kde

    kde Well-Known Member MEMBER

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    I think it is making some people put their priorities into perspective, but I feel that those feelings will be short-lived when and if the economy rebounds. When those in the middle class feel empowered by job availability and mobility, start getting annual raises again, can pay their bills and regain a glimmer of hope of ever retiring, they may forget about the past few years of struggling, budgeting, sacrificing and appreciating those intangible assets, like our health and spirituality and relationships with people.

    However, this is a watershed moment for some, I believe. As a result of the recession, some people have realized how hollow the very foundations of all that thought was important really are. Morever, they are realizing just how brief this life is and making moves to make the most of it.
     
  4. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    In the Sankofa and Real Truth!




    Great points, I agree; also sistar kde is too on point.


     
  5. kde

    kde Well-Known Member MEMBER

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    Following up . . .

    At least the mainstream media is now acknowledging that the game has changed. Today, CNN's "$$$$$" show was addressing the "New American Dream" - what it is and what it means. Also, the New York Times of late has been writing about the next coming bubble - that of student loans - and how a degree is no guarantee of a job and how generations from X forward will have to re-align their expectations (or lower their standards).
     
  6. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    kde,

    Can't wait to see what Black Married Momma, through feedBlitz has to say on this in the future, I do subscribe:)...Peace In my sister friend.


     
  7. Bootzey

    Bootzey Well-Known Member MEMBER

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    It's helped me to see wha I'm capable of and what's really important to me.
     
  8. Knowledge Seed

    Knowledge Seed Well-Known Member MEMBER

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    What did it help you see that you are capable of? What is really important to you?
     
  9. Bootzey

    Bootzey Well-Known Member MEMBER

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    I'm capable of living with less than I thought. I thought I needed certain things to be happy. I don't neccessarily need those things. I have discovered skills that I didn't know I had.
     
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