Word: willingly
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Dates: during 2000-2000
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So you want to be a hero? Go ahead--get those credit cards out and shop yourself silly. George W. Bush will be grateful. But remember, you're on your own out there. Retail sales are down. Car buying is depressed. Consumer confidence is fading. Last week GM and Whirlpool...
No, we're not in a recession yet, and we may well avoid the textbook version--consecutive quarters of negative real gross domestic product. But the economy is slowing so fast that it feels like a recession. Six months ago, real GDP was growing at a 5.6% annual rate. Goldman...
--CREDIT CARDS/DEBTS Get rid of them. That's standard advice, and it's not easy to follow. But you don't want to enter a period of weak pay increases and diminished job security with hard-to-afford debt. Pay down high-rate debt first, and because rates should decline...
--INVESTMENTS This is a bad time to dump stocks, which are already priced for a severe slowdown. They will fall further if a recession occurs. But if growth accelerates at the end of next year, as many expect, the market will lift off in advance. Stay diversified and mainly in...
--HOME If you're house hunting and frustrated by high prices and little choice, you may catch a break. Even if prices don't collapse, more homes will hit the market. And mortgage rates are falling. Don't wait too long. Rates will rise in anticipation of a rebound.