The Liquidity Trap: American Consumer Capitulates

[KINGOFSHORTS]

I remember when people did not buy a new TV set every 18 months. Back then you buy one and keep it 10 years.

 

[Debaser82]

Quote from KINGOFSHORTS:

I remember when people did not buy a new TV set every 18 months. Back then you buy one and keep it 10 years.

How unpatriotic.

 

[Mvic]

Quote from shortie:

Stop this doom and gloom! Look at the bright side: "Spending on nondurable goods -- items like food and paper products -- shrank at the sharpest rate since late 1950"

Interpretation: people spending less on food and, hence, the toilet paper = leaner, healthier people. This is all good in the long run.

http://www.reuters.com/article/busi...081030?pageNumber=1&virtualBrandChannel=10112

MacDonalds earnings would seem to indicate that people are just eating cheaper crap that is staying in longer, no less obeisty but more colon cancer