Making sense of consumerism

Hmm....are we living in good times? people dont seem to think so but judging by throngs of people at the malls, i guess we are doing quite well economically. But how long will the self fuelled expenditure last for the country?. Currently we have a high rate of liquidity in the market and therefore the interest rates are low and government are encouraging people to spend their disposable income instead of saving up. Its a double edged sword as with current depreciating US dollar and also rising prices of crude oil, the reversal of spending trends might spur a higher rate of inlfation than the 2.7 percent at present. Are our savings enough for our rainy days ? I dont think so unless we repeg the ringgit to a higher rate against the dollar or refloat it totally. The temptations of buying and also the low rates of credit and loans are prying our hard earned ringgit away from our hands to the hands of merchants and also contributing to the overall economy. Is there something we can do about it? Well, if you can spare 30 percent of your nett income for savings and try to keep your debt to below 30 percent of your income than you are on track for a better rainy day. I think i need to get a better instrument than mutual funds if i were to grow my funds. Anyways, i think i'll keep on spending my disposable income before the costs escalate and i cant afford them anymore. What a Sunday rambling ehh?