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The American Consumer Has Offset The Entirety Of The Economic Fallout From The Global Slowdown
BI ^ | 9-28-2015 | Elena Holodny

Posted on 09/28/2015 1:58:13 PM PDT by blam

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To: wrench

Every thing is up and they count it as economic growth.
Inflation denial.


21 posted on 09/28/2015 2:20:09 PM PDT by right way right (May we remain sober over mere men, for God really is our one and only true hope.)
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To: blam

Huh? How can a commie company fire anyone?


22 posted on 09/28/2015 2:38:51 PM PDT by LS ("Castles Made of Sand, Fall in the Sea . . . Eventually" (Hendrix))
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To: blam

Of course everyone has to come out of the bunker to buy more peanut butter once in a while.


23 posted on 09/28/2015 2:39:19 PM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: blam

Paraphrasing the Pope — Darn that bad old Capitalism!


24 posted on 09/28/2015 3:13:29 PM PDT by dhs12345
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To: wrench

Exactly. It is forced spending. Doesn’t mean people are spending more voluntarily on what they want. Means they are being forced to spend.
Duplicitous ba$/@rds.


25 posted on 09/28/2015 4:20:18 PM PDT by sheana
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To: blam

26 posted on 09/28/2015 4:44:55 PM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: Iron Munro
it must be the buying power of the govt workers and their millions of retirees living off the backs of the dwindling private sector...

and the huge influence of paying off the dindonuffins with increased food stamps etc...

mostly, I think many people are living on the edge, in deep debt to maintain their lifestyle...

27 posted on 09/28/2015 7:41:31 PM PDT by cherry
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To: blam

They forgot to mention that the economy is so hot the fed kept ZIRP in place.They also failed to mention that consumer credit card debt is sky high. Can’t imagine why.


28 posted on 09/28/2015 7:53:29 PM PDT by jwalsh07 (.)
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To: jwalsh07

Credit card debt is high for the same reasons that the national debt is high. There are spending items that are ‘wants’ but are treated as ‘needs’.

Over the past year or so, my household income has dropped anout 50 percent. We spend differently. Debt is bad. We do have a credit card, but it is fully paid each month. We do not carry a balance.

No cable or dish tv. A little less AC and heat. Less eating out and such. My 15 year old vehicle has 300k miles, runs fine thankyou. Yet, we are still very content.

Not quite Galt, butmuch less spending. Wish more would do that and starve the beast.


29 posted on 09/29/2015 3:03:24 AM PDT by RoadGumby (This is not where I belong, Take this world and give me Jesus.)
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