Posted on 04/13/2010 1:27:10 PM PDT by blam
American Consumers Return To Their Historical Pattern Of Going Nuts
Joe Weisenthal and Kamelia Angelova
Apr. 13, 2010, 3:11 PM
Remember when it looked as though consumers might enter into some new age of thrift and austerity?
Well, it's true that there was in fact a brief, unprecedented dip, but the key word is: brief.
As you can see, the steady march higher continues apace.
(Excerpt) Read more at businessinsider.com ...
I’d sure like to know who the heck is doing all the spending besides the government and the leeches, cause it sure as hell ain’t me!
Credit cards?
Not me and my family. We are going Galt.
I guess all that “Obama money” has been spent...
Me neither. I did get my truck tuned. At $300 that was a guilty pleasure.
Possibly tax refunds. That is my guess.
People that arent paying their mortgages.
I guess not. At last report (~couple weeks ago), Consumer Credit was "unexpectedly" DOWN.
It’s called “Income tax refund” you dolts. People are buying things they have done without for a year now. Once that is gone, it will go right back down.
not if you take into consideration home spending (maintainance)
then savings is up.
>>Credit cards?<<
Refis?
It’s called “Income tax refund” you dolts. People are buying things they have done without for a year now. Once that is gone, it will go right back down
“we’ll get that 64 inch wide screen TV now and worry about paying the cable bill next month”.
Yeah...if they’re like us...they are buying storable commodities for the coming depression...canned goods, etc....stocking up in order to stay at home...i.e. any furniture we might need before prices skyrocket....etc.
Hey...why not spend it? The dollar ain’t gonna be worth jack before much longer. Best to get convert them now to real, tangible assets like food, water, ammo and clothes.
Go to your nearest Walmart, observe the cashiers for a few minutes, and count the number of bright shiny faces with empty heads spending government checks/debit cards.
Reparations is here to stay.
Before the 2008 economic collapse I used to tell my wife that if everyone spent their money like we do it would be a very different economy. Since September of ‘08 it has been an economy where the prudent and thrifty have suffered less than the ‘aspirational’ consumer...indeed. if one was in the position to do so, there have been some remarkable opportunities. That said, we all hope for new leadership in November and the chance to build a more balanced and free economy.
Sometimes I wonder if FR and keeping up with the news in other media outlets is good or bad. I guess it just had its advantages and disadvantages.
Well, as Mr. Petty memorably sang, you don’t have to live like a refugee.
Who knows. I have little or no confidence in most of the people that inhabit this country.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.