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What the stock market needs now: American spending (How can people spend what they don't have?)
CNN Money ^
Posted on 02/08/2015 7:24:51 AM PST by Red in Blue PA
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To: Red in Blue PA
...American spending....
They just raised my Rent by 200$.
The Grocery bill is twice as high as it used to be.
Gasoline cost is also high.
Taxes and fees are up.
Income is flat for a long time.
Then a go to a very fine Bar to make up for all this and drink a 7$ Glass of beer.
I guess, I exceeded the requirement as a good "American spender".
I want Reward Points.
41
posted on
02/08/2015 10:02:40 AM PST
by
Koracan
To: Koracan
I just went over my taxes for 2014, and concluded I want to put more away in my 401k. Will mean belt tightening, as I have not had a raise for some time, so I hope they are not looking for spending from me as I will not be in the stores except for the bare necessities.
42
posted on
02/08/2015 10:46:06 AM PST
by
Red in Blue PA
(Compared to obama, Jimmy Carter looks like Winston Churchill.)
To: grania
No one around here-myself included-can even afford to buy more things made in China or Guatamala, never mind the mostly-union shop “things that are made in the USA” at three times the price of the imported item...
That is the harsh reality-small businesses will be happy to sell, and I will be happy to buy US produced products when they are actually affordable again...
43
posted on
02/08/2015 11:32:59 AM PST
by
Texan5
("You've got to saddle up your boys, you've got to draw a hard line"...)
To: Red in Blue PA
Being a 35 year old single man, any extra money I have after my bills are paid goes toward the principle of my mortgage. I have extra money I could spend, but like a lot of people, I don’t trust Barky or his economy.
44
posted on
02/08/2015 11:54:16 AM PST
by
EvilCapitalist
(It's better to die free than live as a slave)
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