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6 Recession Tips in 60 Seconds
June 20th, 2009Bernard Hickey brings you 6 recession tips in 60 seconds: from getting a crockpot to getting the swine flu. Other tips include using the government’s subsidy for insulation and home heating, turning down the heat on the water heater, taking the shampoos from the hotel and signing up to Vouchermate.co.nz.
Tags: 6 in 60, 6 Recession Tips in 60 Seconds, Bernard Hickey
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June 21st, 2009 at 1:26 am
Don’t drop your hot water heater below 55C – dangerous bacterial growth can occur.
June 21st, 2009 at 10:06 am
I did just hammer out a long blurb on investment tips in the depression but deleted the lot. I shall let you know how well they worked when the depression is declared to be finished, in 2028AD.
June 21st, 2009 at 11:18 am
You must have had your view joined by the spot on Sky on Austalian Business Sunday today, Wally? 2021, apparently. 46 years up, 14 down. “Sell your shares by the end of July, and property by the end of the year”. Like Mark Faber’s view, though; just, another, one man’s deflationary opinion.
June 21st, 2009 at 11:27 am
Although Mark Faber was all for inflation, wasn’t he! I’ll wait for your 2028 to see who’s right then….
June 21st, 2009 at 11:49 am
Janet I missed that tv thing you write about. What was the gist of it?
June 21st, 2009 at 11:50 am
http://www.fone-kards.co.nz
I have to share; this will put telecom out of business.
I use these guys for my national and international calling. The quality is good and the rates are way low. The best thing about it is you get 10% commission from everyone you sign up. At this point all my calls are free and I get cash back! Kwel. Give it a go, and use code 7SEMS3 for more free minutes.
June 21st, 2009 at 12:56 pm
Has anyone suggested this before?
Trade / barter using debt-free money in the form of unused postage stamps from current issues. Vendor should be able to reduce price by at least 12.5% (gst) and will also save tax on profit from sale, save bank costs etc. etc.
Damn there’s probably a law that says it’s illegal.
June 21st, 2009 at 2:58 pm
@Wally 11.49am:
The proposal was a the vast amount of deleveraging was JUST STARTING to come into play on the consumer ( esp. the US) ,and that the current inflation of the money supply is simply to replace the spending that HAS already occurred. The consumer will not consume in the next few years as they delevearge their assets ( ie: sell their share, property, jewelery, anything they can..!!) to pay down their EXISTING debt. US unemloyment the driver at 15% odd. Aussie at 10%. New consumers not China ( one child family coming through) but India 10 years away.
Basically sell whatever rallies there are ( eg: shares before the US autumn- a familiar sell down time) and property before the US winter. Nothing that isn’t being said elsewhere, but a well presented arguement.