I’ve been waiting 5 months for a replacement handle for my patio door.
Made in China , of course.
L
I just put some gasoline and hamburger meat on layaway. “AMERICA IS BACK!”
FJB and leftist in general.
I got through most of it. But still didn’t see where he talks about folks not spending money on useless things or are holding on to what they have since CornPop and his puppet masters are doing such a great job with the economy.
With the economy looking shaky, people are cutting back on unnecessary spending.
People are making sure they have money to cover food, gas, utilities, and housing.
They can defer spending on gadgets and clothing.
Recession and buying only what is necessary instead of satisfying wants. Expect further contraction, much more as people learn what is really necessary.
We are old. We have done this before. We can get really small. You simply make do with what you have, cocoon, enjoy what costs nothing. Use your mind and live in it. It is a simple, uncomplicated way of life that is calm and even comforting. To me it is like backpacking with all you need on your back for at least a little while. Just washing your hair and cleaning up is luxury some times.
Just to say
They are emphasizing the exporting and not the importing.
Or something.
Really interesting article. What I see is very little inventory problem / shortage owing to massive imports last year for various reasons. That is done now.
The most interesting chart was the spending by consumers. The article brushed off a lot to inflation but most of the mountain of spending was last year coincident with the various stimulus packages that crept into just about every give-away program there is be they new or old. Consumer have now shot their wad and further constrained discretionary spending owing to the inflation.
All this leads to recession from inflation of fuel prices and a hangover from the spending frenzy of last year of various stimulus dollars. I did not change my spending pattern one bit but a whole lot sure did.
I recall little fanfare from Christmas spending last year.