It is Over for the Consumer

[Klamath]

Quote from Ivanovich:

I could not agree more. I would just add that those who ARE financially/fiscally responsible get punished for being so.

It's amazing how many like-minded people there are here. If I try to explain this to people in the Real World all I get is blank stares.

 

[Arnie]

Quote from Landis82:

Actually, it's been old news.

Not only is it old, I wish I had a nickel for every prediction about the death of the consumer. People are not going to stop buying anymore than they are going to stop eating. Consumer spending will slow, it won't stop.

 

[The Kin]

Quote from startraitor:

This is bad news, how will most eter's raise capital to trade?

 

[bighog]

marketsurfers parents are getting nervous. "honey, that fat loser kid better not come back home"

<a href="http://www.sweetim.com/s.asp?im=gen&ref=11" target="_blank"><img src="http://content.sweetim.com/sim/cpie/emoticons/0002011A.gif" border=0 ></a>

 

[shortie]

Quote from Landis82:

Actually, it's been old news.

how old is it? i think it is totally new development.

 

[PTVtrader]

Quote from Arnie:

Not only is it old, I wish I had a nickel for every prediction about the death of the consumer. People are not going to stop buying anymore than they are going to stop eating. Consumer spending will slow, it won't stop.

secured credit dry up = now
revolving credit dry up = soon
the world's gonna end = bull market