Good add'l info....as said earlier said, I am expecting a good-sized crack in consumer spending within the next couple months too...if not early....I don't know how anyone in Calif (actors strikes, energy, tech layoffs, tech ports down) doesn't throw up their hands and scream, "enuff, let's live on the commune now"....
Certainly, the rent would be cheaper..
Perhaps my original missive was more an exercise to explain why we haven't felt a consumer spending pullback as much to date....I've noted how the dollar's tanked since Greenie's extra pump.....silly Al...
Two final notes before I let you enjoy your vacation <G>
1) Last year, apparently the entire surplus for the state of California's budget equalled monies raised thru the exercise of Csco options.....I reckon the Calif. budget won't look so hot this year, and next, and next...
2) Just spoke w/my 63 year old Mom who never took an economics class in her life, and was born/raised in Germany...She was asking me about the Fed rate cuts, and said, "You know, I don't see how those rate cuts are going to help all these computer companies here that are going out of business. No one seems to want their products anymore" also, "its crazy how much debt people have out here...they just live paycheck to paycheck...all this debt....its just not good".......
Rock on, Mom....you're smarter than Greenspan (apparently) |
