Relevant:
- Chilling economic report strikes fear into CEOs
- Occupy The Vatican? Pope Francis claims global economy is close to collapse in damning message
- Deutsche Bank: Low Interest Rates Actually Hurt Consumers
- The Risk of a Systemic Shock to the System is "Alarmingly High" – Morgan Stanley
- The artificial support of government stimulus money and soaring gasoline prices have now been removed from the retail sales data revealing a sobering trend for an economy that counts on personal consumption for more than two-thirds of economic growth.
2008-09-22 — blogspot.com
"A system where two-thirds of economic activity comes from personal consumption is wholly unsound and, until we begin to move away from a financial system and culture that condones "buying things that you don't need with money you don't have", we'll never have a good long-term solution for what ails us."
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