People will only spend when they are confident that there is more where that came from. Scanning the economic disaster that the central planners have wrought world-wide, no one outside the recipients of central banks’ helicopter money can imagine themselves with comfortable cash flow. We are in for another down leg in the Pelosi-Reid-Bush-Obama Greater Depression. It is going to get much worse - to the point of bloodshed in some places - before it gets better.
--not to mention all that global warming too. Seriously, we know now for sure that Al Gore was wrong but he still got away w/ a decade of spouting doom'n'gloom nonsense. So like w/ the economy us grownups don't know that things are "going to get much worse".
What we know is that things are slow.