Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

HOWARD DAVIDOWITZ: Consumers Are In TERRIBLE Shape...And It's Going To Get Worse!
Business Insider ^ | Dec. 13, 2011 | Howard Davidowitz

Posted on 12/20/2011 7:31:53 PM PST by george76

In his own inimitable style, Davidowitz explains why the consumer is in "terrible shape" and why "it's going to get worse," citing the following:

Crushing Debt Load: Consumer debt is 117% of disposable income.

Help Not Wanted: Even November's "strong" report included more people dropping out of the labor pool (315,000) vs. those who found work (278,000), according to the Labor Department's household survey.

Reverse Wealth Effect: Household net worth fell 4% in the third quarter, a drop of $2.4 trillion, according to the Fed. That's the biggest drop since 2008 and would be hard to overcome even if wages were rising sharply, which they're most certainly not.

Housing Bust Rolls On:

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: davidowitz; fidoburgers; howarddavidowitz; jobs; shtf; teotwawki; underemployment; unemployment; unexpected; zombies

1 posted on 12/20/2011 7:31:56 PM PST by george76
[ Post Reply | Private Reply | View Replies]

To: george76

Howard who?????????

Oh never mind. Just a hysterical nobody from the bi-blog.


2 posted on 12/20/2011 7:35:03 PM PST by Larry Lucido
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76
"Consumers Are In TERRIBLE Shape...And It's Going To Get Worse!"

They can thank themselves. They elected these Democrat politicians.

3 posted on 12/20/2011 7:39:11 PM PST by Savage Beast (The Democrat Party: The Party of Slavery, Jim Crow, Segregation, the KKK, Lynching, and Gun Control)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Savage Beast

Yeah but it allows the editors to use lots of capital letters and exclamation points!


4 posted on 12/20/2011 7:43:21 PM PST by Larry Lucido
[ Post Reply | Private Reply | To 3 | View Replies]

To: george76

With gasoline at $3.50, diesel at $3.70 and propane at $3.25 there isn’t any money left for “consuming”.


5 posted on 12/20/2011 7:48:17 PM PST by central_va ( I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76

What’s debt?


6 posted on 12/20/2011 7:58:50 PM PST by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: central_va

“With gasoline at $3.50, diesel at $3.70 and propane at $3.25 there isn’t any money left for “consuming”.

Bingo, I will even go as far to say that the housing crisis would not have been nearly as severe as it was (is).


7 posted on 12/20/2011 8:03:46 PM PST by rsobin
[ Post Reply | Private Reply | To 5 | View Replies]

To: rsobin

With gas that high, food followed.


8 posted on 12/20/2011 8:07:23 PM PST by Dogbert41 (Romney/Huntsman 2012 Revelation 3:16.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: george76

Any relation to David Horowitz?


9 posted on 12/20/2011 8:07:47 PM PST by KOZ.
[ Post Reply | Private Reply | To 1 | View Replies]

To: Larry Lucido

You’re right. At first glance I thought the article was by David Horowitz.

Oh well!


10 posted on 12/20/2011 8:11:36 PM PST by Ceebass
[ Post Reply | Private Reply | To 2 | View Replies]

To: Larry Lucido
Just a hysterical nobody from the bi-blog.

Oh sure, it's all just hysterics. Everyone is actually doing very well in America today. Economy is on fire!

Have you thought about working for the Obama campaign? Bet they could use you!

11 posted on 12/20/2011 8:19:38 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
[ Post Reply | Private Reply | To 2 | View Replies]

To: central_va
With gasoline at $3.50, diesel at $3.70 and propane at $3.25 there isn’t any money left for “consuming”.

You got that backwards. Gas was at $4.50, headed for $5 it seemed, just last summer. Remember? It fell to $3.50 ( sagging to $3.359, at my Chicagoland station, and $3.259 in the next town for the same brand ) ... for what reason? Sagging demand, I say, because consumers are strapped for cash because of dwindling income.

12 posted on 12/20/2011 8:28:59 PM PST by dr_lew
[ Post Reply | Private Reply | To 5 | View Replies]

To: george76

This is just not true...... I heard the President say, on MSNBC that...... oh, never mind.


13 posted on 12/20/2011 8:32:21 PM PST by no dems (Why do you never see "Obama" bumper stickers on cars going to work in the morning?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76
Thankfully, I'm not one of the consumers mentioned in this article.
14 posted on 12/20/2011 8:33:51 PM PST by Major Matt Mason (The Chicago Way isn't the American Way.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dragnet2

Wow you’re about as bright as a bi-blog writer.


15 posted on 12/20/2011 8:33:55 PM PST by Larry Lucido
[ Post Reply | Private Reply | To 11 | View Replies]

To: george76

Economy is a Complete Disaster says Howard Davidowitz

Howard Davidowitz November 2011 Video

16 posted on 12/20/2011 8:36:54 PM PST by preacher (Communism has only killed 100 million people: Let's give it another chance!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dr_lew

Gas is 3.07 today.

Oh, there are problems aplenty to be sure, much like in 1979. I just have nothing but disdain for hysterics such as the bi-blog dishes out. It’s a poor substitute for actual analysis.


17 posted on 12/20/2011 8:39:44 PM PST by Larry Lucido
[ Post Reply | Private Reply | To 12 | View Replies]

To: george76

Oh! jeese its ok... every things fine.. the riots have not even started yet..


18 posted on 12/20/2011 8:57:55 PM PST by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Larry Lucido
Gas is 3.07 today.

Surely that's 3.079 . It always amazes me how well that "9" thing works, and on me too, of course. But can't we at least get it straight? Unless you rounded 3.069 up to 3.07, which if you did, hats off to you!

19 posted on 12/20/2011 8:58:30 PM PST by dr_lew
[ Post Reply | Private Reply | To 17 | View Replies]

To: dr_lew

If I’d said .069 there would have been snickering. :)


20 posted on 12/20/2011 9:02:17 PM PST by Larry Lucido
[ Post Reply | Private Reply | To 19 | View Replies]

To: Larry Lucido
Oh, there are problems aplenty to be sure, much like in 1979

Uh no Larry, the problems we have today, at every level, make 1979 seem a walk in the park on a sunny spring day. Like I said, you should be working for Obama. He's going to need all the happy talk he can get, in an attempt to minimize this flipping disaster.

21 posted on 12/20/2011 9:18:49 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
[ Post Reply | Private Reply | To 17 | View Replies]

To: george76
ABC early morning news said this morning that the economy was back.
Unemployment in South Dakota was 3%.
22 posted on 12/21/2011 3:08:32 AM PST by DeaconRed (Hound Dog Howling . . . Bull Frog Croaking -- Everything is broken--Thanks to ZERO)
[ Post Reply | Private Reply | To 1 | View Replies]

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson