Relevant:
- Cause, Effect, and the Fallacy of a "Return To Normalcy"
- BREAD, CIRCUSES, SPENDING CUTS, UNICORNS & THE APPEARANCE OF WEALTH
- Consumer Deleveraging = Commercial Real Estate Collapse
- Consumer credit down, but does it show deleveraging?
- Consumer Preference for Saving vs. Spending Jumps in 2009; Major War Coming Between Union "Haves" and Non-Union "Have-Nots"
2010-08-26 — theburningplatform.com
"One has to wonder whether the mainstream media and the clueless pundits on CNBC actually believe the crap they are peddling or whether this is a concerted effort to convince the masses that they have done enough and should start spending. Consumer spending as a percentage of GDP is still above 70%."
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