Posted at 8:35 AM on January 22, 2008
by Julie Siple
As you know by now, the markets plunged in Asia on Monday, and this morning the Federal Reserve suddenly cut interest rates. It's hard, for those of us who spent our college days reading Tolstoy rather than Keynes, to know exactly how worried to be. Some people say: It's going to be really, really bad. Others say: It's the fear that’s killing us.
Either way, there's a voice in my head telling me to stop spending so darn much money. For real this time. Just in case.
So it seemed like a good time to go back and take a listen to In The Loop's hour on “Why Am I Spending So Much?” What drives us to spend, and how can we stop, and what happens in tough economic times?
I did. Course, I’m still drinking espresso. But today I made it at home.