Noooo… We’re talking about a worthy correction…a real correction…a noble and distinguished correction…a correction that can hold its head up in public.
October 14th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "consumer spending"
Consumer Spending Rises
Though the fear of inflation is minimal right now, government’s deficit spending on this scale is bound to result in higher consumer price levels sometime. How long will it be before this good luck ends up kicking us in the derriere?
June 30th, 2009 | Bill Bonner | 2 comments | Continued
Unsustainable Economic Activity
Consumer borrowing and government budget deficits both pull what would have been future economic activity into the present, while pushing the associated costs into the future. When this unsustainable behavior reaches its point of exhaustion, and people finally realize the folly of it all, employment falls, reckless investments are liquidated, and bad debts default.
June 26th, 2009 | Dan Amoss | 0 comments | Continued
Suspicion the Service Sector Consumer Spending Series is Overstated
If we compare consumer spending on services with hours worked in the service sector employment report, we find a huge surge in implied service sector productivity.
May 14th, 2009 | Rob Parenteau | 0 comments | Continued
They Say the Stock Market ‘Looks Ahead’
By our reckoning, this is not a recession…this is a depression. In a recession, the bull market formula still works. It just needs a little time to rest…catch its breath…work off inventories…and rebuild cash accounts.
April 23rd, 2009 | Bill Bonner | 3 comments | Continued
“Deflation” Remains the Watchword for 2009
The message from the March/early April macro news continues to be one of the free-fall phase ending, while the economy remains in a severe recession.
April 22nd, 2009 | Rob Parenteau | 1 comment | Continued
In Gono We Trust
We have it from our usually unreliable source in Washington that Gideon Gono, now head of the Zimbabwean central bank, has been called in to aid the Obama Administration. In secret talks, Gono has agreed to replace the out-going Ben Bernanke, who is said to be going to work as a helicopter pilot. Gono will take over the Fed. And a new bill has already been designed – our source was able to sneak out a copy of the new note – for 1 million U.S. dollars. That’s Gideon Gono’s picture on it…
February 4th, 2009 | Bill Bonner | 6 comments | Continued
Tips from an Obama Insider on the Next Two Years
Now that Obama has officially dropped the “elect” from his title, what can we expect from his administration…and what does it mean for the country? Byron King passes along some rather grim predictions from an “Obama insider”, and gives us some advice on how to deal with the coming fallout…
January 23rd, 2009 | Byron King | 0 comments | Continued
Consumer Spending Falls Hard As Consumers Guard Their Wallets
As predicted in this space, many times, consumer spending is falling hard. But what else could it do? Read on…
November 3rd, 2008 | Bill Bonner | 7 comments | Continued
First Drop in Consumer Spending in Decades
“Shoppers cut spending,” says the New York Times. Analysts think we will see the first quarterly drop in consumer spending in nearly 2 decades…
October 8th, 2008 | Bill Bonner | 1 comment | Continued
The Percentage of the U.S. Economy Devoted to Consumer Spending Went Up and Up
In a consumer economy, they reasoned, growth came from consumer spending. If consumers didn’t spend enough, growth slowed. So, in order to boost GDP…
July 31st, 2008 | Bill Bonner | 5 comments | Continued
America’s Consumer Economy Needs to Consume Less
Americans have little money on hand and banks aren’t eager to lend anymore,” said Scott Hoyt, senior director of consumer economics at Moody’s Economy.com, which compiled the quarterly outlook report with Equifax.
May 26th, 2008 | Bill Bonner | 0 comments | Continued
What’s Going on with Consumer Spending? We have a Few Theories
And what’s going on with retail sales? If consumers really were feeling the squeeze we think they ought to be feeling, they’d start spending less money right away. But the evidence is mixed. Some numbers show a big drop in consumer spending… others show consumers still opening their wallets.
February 19th, 2008 | Bill Bonner | 1 comment | Continued
