Tag Archives: global recession

5 Lessons from the Recession

The recession has given us all a moment to sit back and think and understand the true meaning of life. We should never argue about the government and finance. The way out is not more borrowing and spending but preserving the resources what you have. Spending and consuming are two different ends.  For the least spending should result in long lasting productive assets. Nowadays passing wealth on to children and future generation is not always free.

People have to accept this fact, storage is not free. The root causes of all the problems are poor skills and surplus borrowing. Borrowing can be there, but should be kept to a minimum level, with respect to the need. The production and consumption habit must be changed. Investment has to be made where there is long sustainable growth. Spending beyond one’s means will lead to debt and to recession which must be avoided.