Sunday, December 06, 2009
Growth, the health of the economy depends on consumers, and consumers have taken a hit
SHOOT: Nobody gets this. In a consumer economy you need consumption to feed consumption, and how can that happen when jobs are being lost, energy costs are increasing and inflation is trneding upwards? We're not going to see a return to the way things were, the Happy Motoring lifestyle, the fast food and easy money mindset. What comes next? Contraction. Fewer choices. Less money. And forget about credit. For cars, or homes.