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To: kvkkc1 who wrote (61462)9/28/2002 4:46:30 PM
From: RetiredNow  Read Replies (2) | Respond to of 77400
 
kvkkc1, I just read a quote from a Solomon analyst who said that consumer spending has risen every year in the history of the U.S. That's a very interesting statistic, if true, especially given that consumer spending accounts for 1/3 of the U.S.'s GDP.



To: kvkkc1 who wrote (61462)9/28/2002 10:45:54 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 77400
 
<<The idiots on tv who claim that the consumer can prop up the economy are nitwits. >>

Well so far those idiot/nitwits have been right. But no longer. The consumer is now losing the spending power they once had, as well as the willingness to continue spending at a torrid rate.


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