I just got an update on my news feed today saying that the economy has shrank less than expected in the second quarter. This statement goes on to strengthen the belief that the economy has started back on the upswing and things are starting to get back to normal. Personally, I believe that even though things are not as bad as economists were expecting, Americans still have a long way to go until we are out of the woods with this recession. I really do hope this is the beginning of the end, but in order to get to the end, we have to keep on our current path of being financially frugal. Also, once we get out of this, we have to continue some of these recession practices in order to shield the economy(just a little bit anyway) from any further dips into a recession.
On another note, my thoughts and prayers go out to those who have families in or near Samoa, where a tsunami struck today and has caused a massive loss of life and damage to the small nation.
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