Stop reading the advertizing, watch the reality.
By Daniel at 4 August, 2009, 2:21 pm
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Personal incomes are dropping like a rock and mass pink slips are still occurring and the idiotic fund manager lemmings on WS have driven up retail stocks.
The consumer isn’t coming back. This is a generational shift in American spending habits.
If you borrow more than you produce, spend more than you take in…no matter who you are, what happens?
Governments cannot do what you cannot do. It all comes home to roost.
Just what would it take for these fools to figure that out? This rally is built on nothing but hype.
“I look at my credit cards and I am disgusted. My wife and I have made a fundamental change in the way we look at money now. Luckily I have been able to keep my job, but things are definitely tight with two kids. Once we dig ourselves out of this mountain of consumer debt we created things will be very different. I have learned that it doesn’t matter how much you make. What matters is the difference between what you make and what you spend. The size of your cash flow is the true sign of wealth and financial stewardship.
I think many people will feel the same way. They are tired of living in debt. I truly believe we will see a fundamental shift in this country.”
onecent
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