Frugality Setting In: Being Cheap Becoming Fashionable

10/07/08

Written By:

Dan Gould

With the world financial markets heading into scary territory, everyone is wondering what's coming next. Recession? Total economic meltdown? Speculation is running wild, and prophecies of doom and gloom are a dime a dozen.

A morsel of sanity comes from David A. Rosenberg, the North American Economist for Merrill Lynch. Instead of some horrible economic apocalypse, he forecasts a near future of frugality, where people concentrate on paying off their debts, and live a simpler life.

Rosenberg explains:

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