Grazing Rites

So I’m on the TripAdvisor forums today and there are two threads getting a lot of attention talking about how concerns over the economy are causing people to delay or cancel their trips to Las Vegas. I had this to say…

“My girlfriend can’t afford a vacation this year (either time or money) but I can so I’m going with a couple friends from the navy. I work hard and invest conservatively so I have no problem paying for the trip - actually pre-paid flight and accommodations last month.

The day before we booked we were actually joking about how we’re not going to have fun but to bolster the US economy - we’re not going for our own enjoyment, it’s a sacrifice we’re making for the global economy.

I’m not a gambler and not very extravagant either, we’re staying at the Stratosphere to cut down on costs. Of course my friend just went and dropped a grand on a new digital camcorder to document the trip but the navy pays well so more power to him.

Actually, I look at it this way - when dividends are small it’s the time to spend. Inflation will make your money worth less in the future than it is today so spend it now while you can get more bang for your buck; then when the markets recover go back to safe investing to keep you ahead of inflation. If everyone operated that way the economy would be much more stable - save when times are good and spend when times are bad. It’s counter-intuitive I know but if you have no debt and have some savings it’s the way to go. Hey, if all you people delaying or cancelling your trips means I don’t have to wait as long for stuff and can maybe score some discounts because not as many people are there I don’t mind a bit!”

This entry was posted on September 15, 2008 at 10:51 am and is filed under Travel. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.