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The Recent Collapse In Consumer Growth Has Been WORSE Than The Great Recession
The Business Insider ^
| 10-4-2010
| Doug Short
Posted on 10/04/2010 2:34:28 PM PDT by blam
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1
posted on
10/04/2010 2:34:35 PM PDT
by
blam
To: blam
You can't grow if the government is continually taking away a consumer's money.
P.S. Just got my new Bank Fees. Will be closing one account. Will write a check or use the ATM to withdraw money.
2
posted on
10/04/2010 2:39:22 PM PDT
by
Sacajaweau
(What)
To: blam
3
posted on
10/04/2010 2:40:56 PM PDT
by
blam
To: blam
Can anybody say, “double dip”?
4
posted on
10/04/2010 2:41:02 PM PDT
by
TheThinker
(Communists: taking over the world one kooky doomsday scenario at a time.)
To: blam
Measuring deck chair positions on the Titanic?
: )
To: blam
The Parasitic Class..the bureaucrats and their social dependency, has come to believe, that due to “free money” from the Federal Reserve..that nobody has to work. The incentives for the bureaucratic class to create an environment conducive to business are gone since low interest rates are here.
6
posted on
10/04/2010 2:41:58 PM PDT
by
mo
To: blam
Not good. This is going to be brutal.
I will laugh when the idiots who watch TV cannot buy Busch beer, ribs and the dope they smoke to watch ball games and other idiocy on TV. ALL of TV supports Obama and Islam. Fools think Saudi Prince Al Waleed’s Fox is any better. It really isn’t.
7
posted on
10/04/2010 2:45:12 PM PDT
by
Frantzie
(Imam Ob*m* & Democrats support the VICTORY MOSQUE & TV supports Imam)
To: Sacajaweau
Not only are they taking the consumers money...but as the Government takes eases money out of the banking systems it leaves less and less for businesses to borrow....the volumes of cash being paid to the Government for what was used to stabilize them, coupled with the real-estate losses and those yet to be, added in the overall risks they will no longer take....there is not much borrowing power for business and industry to operate....
It doesn't look even remotely good...won't be long before we see the affects occurring more and more.
8
posted on
10/04/2010 2:46:47 PM PDT
by
caww
To: TheThinker
"It's in the can"....
To: Frantzie
Well...will be able to buy wine, and steak?
To: AngelesCrestHighway
So you finally found Obama’s birthplace?
11
posted on
10/04/2010 2:48:10 PM PDT
by
TheThinker
(Communists: taking over the world one kooky doomsday scenario at a time.)
To: Sacajaweau
P.S. Just got my new Bank Fees. Will be closing one account. Will write a check or use the ATM to withdraw money.Me too. They wanted me to sign up to cover any overdrafts on my ATM with a $34 dollar fee. If I didn't sign up they would simply deny the charge. Duh!
12
posted on
10/04/2010 2:51:02 PM PDT
by
raybbr
(Someone who invades another country is NOT an immigrant - illegal or otherwise.)
To: TheThinker
I see the big “D” word coming ahead....at the least the first beginnings of.
Question is will the international financial gurus stand by and watch the US fall comletely? Well, as Euope and the Eastern countries...China etc. gain they may very well allow the US dollar to fall and land where ever it will.
A weakened united states is advantageous to many nations with asperations on the international scene.
13
posted on
10/04/2010 2:51:25 PM PDT
by
caww
To: TheThinker
Can anybody say, double dip?
14
posted on
10/04/2010 2:51:38 PM PDT
by
Fresh Wind
(King: "I have a dream"...Sharpton: "I want a check")
To: caww
All capital is being sucked up by the govt and banks writing off their reparations err... I mean write downs. It is reparations. People voted for this and support it by watching TV. ALL of TV loves Obama and Islam including Saudi Prince Al Waleed’s Fox.
15
posted on
10/04/2010 2:51:57 PM PDT
by
Frantzie
(Imam Ob*m* & Democrats support the VICTORY MOSQUE & TV supports Imam)
To: Frantzie
“Fools think Saudi Prince Al Waleeds Fox is any better. It really isnt....”
Come now...the good Prince is being charitable ...helping people “feel” better about what’s going to happen to them....
16
posted on
10/04/2010 2:54:00 PM PDT
by
mo
To: blam
The artificially (cheap dollar, easy credit, federal policy mandated) and long-term financially disastrous "housing boom" from the 1990s to 2005, was used as a "cash machine" to sustain consumer spending even when wages were not growing that fast. Now the bill has come due, the correction in true property values will take as long to settle out as the inflated value took to create, and until real wages start to grow again, consumer demand will not; at least not at any greater rate than working-job growth generally. U.S. Manufacturers need to focus on exports more than they have in the past.
17
posted on
10/04/2010 3:03:50 PM PDT
by
Wuli
To: blam
18
posted on
10/04/2010 3:26:00 PM PDT
by
blam
To: blam
After years and years of exporting jobs, maxing out credit cards, and the end of the home ATM, what the hell should be expected. The coffers are dry, nothing left so consumption is going down and down and down and it isn’t going up until we employ people to make more of what we import.
19
posted on
10/04/2010 3:34:33 PM PDT
by
ex-snook
("Above all things, truth beareth away the victory")
To: Frantzie
I will laugh when the idiots who watch TV cannot buy Busch beer, ribs and the dope they smoke to watch ball games and other idiocy on TV. From "Bread and Circuses" to "Beer and Football". How far we've come. To those not familiar with the phrase, here's some of what Wikipeia says about it:
This phrase originates from Rome in Satire X of the Roman poet Juvenal (circa 100 AD ). In context, the Latin phrase panem et circenses (bread and circuses) is given as the only remaining cares of a Roman populace which has given up its birthright of political involvement. Here Juvenal displays his contempt for the declining heroism of his contemporary Romans.[1]: Roman politicians devised a plan in 140 B.C. to win the votes of the poor; By giving out cheap food and entertainment, politicians decided that this policy of "bread and circuses" would be the most effective way to rise to power.
20
posted on
10/04/2010 4:03:09 PM PDT
by
cicero2k
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