SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (33857)4/25/2008 5:01:31 PM
From: carranza2  Read Replies (1) | Respond to of 217575
 
Bad sign. The American consumer is responsible for a lot of economic activity.

jessescrossroadscafe.blogspot.com

The US Consumer is Hitting the Wall

Real wages in the US for the working classes have been stagnant.

The government is lying about cost-of-living inflation through the use of statistical smoke and mirrors.

People have been borrowing heavily on the equity of their homes in order to pay for basic consumption needs.

The country is now in an economic recession with home prices falling and credit tightening.

Blue collar jobs continue to be sent overseas by corporations.

Economic distortions are leading to selective shortages in basic food supplies and health care.

Five large corporations control 90% of the non-Internet media outlets in the US.

The disparity in wealth between a small percentage of elites and most Americans continues to widen.

The Presidential candidates spend most of their time engaging in gossip and slander about each other encouraged by the media.

What is there to spark a recovery in our consumption based economy? Who is going to do all the consumption, the top 1% of the population?

“We must find new lands from which we can easily obtain raw materials and at the same time exploit the cheap slave labor that is available from the natives of the colonies. The colonies would also provide a dumping ground for the surplus goods produced in our factories worthless financial instruments originated by Wall Street.” Cecil Rhodes