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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (99892)	11/16/2003 8:32:38 PM
From: AuBug	Read Replies (1) of 132070

James Grant had a real interesting article in the latest GIRO: The paycheck-to-paycheck American shopper is "our foundation customer," a Wal-Mart spokesman tells David Lane of this staff. "Always has been always will be." ...sales inevitably follow the paycheck cycle. People tend to get paid either on the 15th of the month or at the end of the month. Wal-Mart has devised an elegantly simple calculation to measure the liquidity of Homo americanus. It calculates the difference between sales on the 14th, when working people are dry, and the 15th, when they are liquid. The consumer's liquidity crisis is the worst that Wal-Mart has seen and is the most pronounced in the last 5 to 7 years... etc etc... Nothing new to us hand-to-mouth peasants ;-{ BTW, silver is nothing but a base metal byproduct, the world is flooded with the shiny stuff and will be even more so as the price of copper stays high.

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