Reply #55: It (the lack of consumer borrowing) is crystal clear to us because... [View All]

[AnneD]

we have family, friends, neighbours, and co-workers that are unemployed and for whom most consumer goods are a luxury. Their spending consists of needs only.

I have concluded that all on Washington and Wall Street are in one self sustaining bubble.

They couldn't find their asses if they had a map and used both hands.