Posted on 02/08/2015 7:24:51 AM PST by Red in Blue PA
"There's new faith in the U.S. economy," says Albert Brenner, head of asset allocation strategy at People's United Wealth Management, which manages $5.5 billion.
There's only one thing missing: the American consumer. People need to buy more things for this growth story to continue.
(Excerpt) Read more at money.cnn.com ...
how?
by printing whatever you need and have no intention of ever paying it back
About 2/3 of the economy consists of consumer spending. It is difficult to have healthy economic conditions without a certain level of consumer spending.
Why do I need to spend? Can’t the government do that for me?
The US is following the Nancy Pelosi school of tax.
For every dollar printed the Fed get’s a buck 75 or so back.
They (the authors) need one last credit-fueled binge so they can cash out.
one big reason our economy has been disintegrating (on and off) for decades.
Buy more ‘things’? Or, put more into those money management funds, so these guys can get paid?
I believe that John Q./Jane Q. Public are doing all the money management they can, with what they have at their disposal, and this Queer-In-Charge wanting to take every penny from them.
The government can redistribute wealth so the “poor” can buy more big screens.
And how much of that spending is with credit cards? Consumer debt is a growing problem.
Consumer spending is the effect of a healthy economy, not the cause. The “solution” will be to increase the minimum wage, and print more money. One serves narrow political interests, the other serves narrow financial interests. Rinse and repeat.
People need to buy more things...
How about "people need to buy more things that are made in the USA". The problem would take care of itself.
Consumer spending is the extinguishment of wealth. What the economy needs is more investment in expanded production.
More spending on what?
More Chinese/foreign made stuff?
It might help the stock market but it won’t help us.
Bingo
“There’s new faith in the U.S. economy,” said the delusional financial weasel.
2/3 consumer spending, most of it on credit and for stuff made/sourced elsewhere, is not sustainable.
If people are not spending, then how can there be a new faith in the U.S. economy?
One goes hand in hand with the other.
This person is either lying or delusional.
Consumer borrowing in U.S. increases as credit-card use picks up
Posted: Friday, February 6, 2015 4:33 pm
By Nina Glinski
http://pbn.com/Consumer-borrowing-in-US-increases-as-credit-card-use-picks-up,103408
What could go wrong?
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