7 Lean Marketing Laws For The Inspired Entrepreneur

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I have often wondered over the last few years how our economy could continue to do so well with more debt and more government spending than ever. This has been a mystery to me. That day in the hot springs, though, I realized that this "new economy" based on instant information might just be one of the most important pieces of the puzzle.



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Virtually unlimited credit card limits, home equity loans, and refinance offers allowed consumers to spend without consequence. Household savings entered a negative range for the first time. Even college graduates just entering the workforce thought nothing of starting out with thousands in credit card debt and an average of $24,000 in student loans.

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Just about every business was booming, and so was the job market. It created a shortage of employees and bid up wages. Especially young workers knew that they could swap to a higher paying job AT LEAST once a year. This also fed the rationale that you could overspend today and make up the difference tomorrow.