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interest rates.
This strategyMultiply that by 300 million, and you have a nation that has rediscovered that you can't spend what you don't earn. Houses are no longer ATMs, and credit cards no longer come with each day's mail.
That sudden realization, of course, is what's causing the economy to swoon. But this reckoning was inevitable, so it's best to get on with it. Let's hope these lessons last for decades. requires some patience. Just as real-estate prices don't fall as precipitously as the stock market, they don't rise as rapidly, either. You may have to wait a decade to reap the full benefits.3 Americans will learn to live within their means.Around our house, the crisis is already having a salutary effect. Our teenagers suddenly seem to understand that unlimited dinners out with friends aren't a birthright, and that blue jeans don't have to carry triple-digit price tags.
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