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Tuesday, December 30, 2008

Why consumers are spending less 

By Andrew Hofer at 12/30/2008 02:41:00 PM
Just following up on TH's post, here's a terse summary of pressures on consumers.

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1 Comments:

By Blogger chuckchuck, at Wed Dec 31, 01:00:00 AM:

All the fancy charts and theories are not going to put people back to work. This not an American problem – it’s a world problem. All the markets throughout the world depend on each other. Where I live it seems as if the rich are getting richer, the poor are getting poorer and the middle class is hanging in there. And as I read on the Internet or watch newscasts from Hong Kong, Singapore and Australia it appears my homeland is in the same boat. Since I live in a 3rd world country I’ve learn to get by with less since there no are instant TV dinners, no call out for instant hot pizzas to be delivered at my door step or even a corner Radio Shack. As they say here, "Ah, you Kanos you have everything."  

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