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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: dybdahl who wrote (9747)7/30/2008 2:16:22 PM
From: HH  Read Replies (3) | Respond to of 71450
 
A very big part.... in fact, perhaps the biggest part of the US economy is the consumer buying stuff. Cheap products and easy credit to buy more stuff has given this economy legs. The need to purchase "stuff" has pushed many people to become overextended.

The use of cell phones,,, in my opinion ,,, is a reflection of this kind of over doing. when everybody
is yapping on the phone all the time, it seems to be more of an addiction than meaningful human interaction.

When families get stretched to bankruptcy buying the big house, 3 cars and $100.00 jeans for their kids it seems more like spoiled behavior than meaningful life together.

I am just ranting a little but my bottom line point is that what typically has saved the bacon for the US economy has been the consumer and I feel he has been ridden to the point of exhaustion.