David Frauenfelder at Breakfast with Pandora suggests that even as we cut back on expenses, we must also cut back on fear. I like the way he puts it:
Though no one's job is perfectly safe, if we all decide we must have two years' of savings in the bank before we spend again, eventually no one will have a job except the security guard at the bank.[Apologies to David: I have corrected my misspelling of his last name in this post.]
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The economy is all about confidence, and once we've all lost confidence we're doomed. Somebody finally has to take a stand and say things will get better, and act accordingly. Personally, I'm doing my part, deciding not to put off the bathroom renovations we've needed for a while now.
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