Article: Speakers in Ellensburg say today's economic crisis will change tomorrow's habit.

Byline: Mai Hoang

Oct. 29--The global economic crisis happening now will be a generation-shaping event. That was one message John Mitchell, of M&H Economic Consultants in Portland, shared with those who attended the 10th annual Economic Outlook Conference at Central Washington University on Tuesday. Like the Great Depression of the 1920s and 1930s, which prompted an entire generation to be mindful of their savings, the current crisis will create a generation that will avoid risky lending practices or using their house as an ATM; that is, borrowing against their home knowing that home prices do not always increase, Mitchell said. The name of his ...

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