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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (23654)12/21/2004 11:04:38 AM
From: russwinter  Respond to of 110194
 
<I think it is only on "bully goods" and "bare necessities".>

Bare necessities includes a lot of things, certainly food and energy. It's a more of a subsistence crisis than a bare necessities issue.

Rasmussen consumer index continues to really drop, results suggests that only those (Bullys) who benefit from asset Bubbles are doing well, everybody else is wilting:

Consumer Index Drops Two to 111.7

Investor Index Loses Two to 139.2

Updated Daily by 8:00 AM Eastern
Rasmussen Consumer Index

Today 111.7
Yesterday 113.8
Week Ago 115.4
Month Ago 114.4
RasmussenReports.com

Rasmussen Investor Index

Today 139.2
Yesterday 141.6
Week Ago 133.9
Month Ago 139.6
RasmussenReports.com

Tuesday December 21, 2004-- The Rasmussen Consumer Index dropped two more points on Tuesday to 111.7. That's the lowest reading since September 30. The Index, which measures the economic confidence of American consumers on a daily basis, is down four from a week ago, down three from a month ago and down three from three months ago.

After reaching its highest level since November 14 on Monday, the Rasmussen Investor Index retreated two points on Tuesday to settle at 139.2. It is up five from a week ago, little changed from a month ago, and up three from three months ago.

Thirty-four percent (34%) of Americans say their own personal finances are getting better while 43% say they are getting worse. A year ago today, those figures were 37% better and 41% worse.

Among Investors, 49% say that their finances are getting better. Just 22% of non-Investors share that view.




To: mishedlo who wrote (23654)12/21/2004 11:30:55 AM
From: John Vosilla  Respond to of 110194
 
I hear the big screen TV's are selling like hotcakes. My local Best Buy and Brandsmart packed. Majority of people are financing these things with 0% interest and no payments for -12 months. All in the game of borrowing future demand for instant gratification. When the ponzi scheme ends it will be ugly. Greenspan and Bush among the clueless along with almost all the ivory tower analysts and money managers you see on the financial news shows.