My economy/industri news blog

Bad News Today, Good For Tomorrow

Economists believe that the current rise in the inflation will definitely reach its point of exhaustion. And when that time comes, deflation will occur – a lowering of the prices of goods and services. Such event will certainly happen in the future. So it would be a nice idea to save money today, perhaps cut off a little bit on spending spending on unnecessary items. An economist opined, “you have to put aside less money today to consume in the future.” When inflation reached its peak and starts to go down, that is the best time to spend the money saved. Thus fixed income indivduals and families should start saving some money now so that in the future, they will have more cash to spend and more items to purchase.

Posted by Jones on December 18th, 2008 :: Filed under $$$ CRISIS
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