It’s All in Your MIND!

Gas is not really $4 a gallon. Bread does not really cost $.10 more today than it did last year. You can still sell a house a make a decent profit. The same $20 will still get you the same amount of groceries at the store today as it did last year. Buy that SUV, splurge a little, you can afford it. I keep fighting these thoughts in my mind, it’s kind of hard dealing with financial things mentally. Maybe I should be diagnosed with something? Not anxiety, PTSD, or depression…Maybe I’m just stuck in a mental recession???

Check out the latest round of foolishness brought to you by none other than Phil Gramm…

“You’ve heard of mental depression; this is a mental recession,” he said, noting that growth has held up at about 1 percent despite all the publicity over losing jobs to India, China, illegal immigration, housing and credit problems and record oil prices. “We may have a recession; we haven’t had one yet.”

“We have sort of become a nation of whiners,” he said. “You just hear this constant whining, complaining about a loss of competitiveness, America in decline” despite a major export boom that is the primary reason that growth continues in the economy, he said.

“We’ve never been more dominant; we’ve never had more natural advantages than we have today,” he said. “We have benefited greatly” from the globalization of the economy in the last 30 years. 

Read the entire interview here.