Consumers Are Dropping, Not Shopping: Here’s The Proof
by Jeffrey P. Snider at Alhambra Partners
David Stockman’s Contra Corner
The term consumer exhaustion can apply to several circumstances, but typically they all relate to exhaustion of resources. Households can appeal to wages, transfers, savings or debt, and usually some combination of the four, to maintain living standards and discretionary budgets. So exhaustion, like that of yesterday’s GDP, could be due to any one segment failing more than the others can relieve.
In our current circumstance, American consumers have been grappling with major issues in every one. Addressing two of these, showing structural deficiencies far more potent than any cyclical upswing, Time wrote at the end of January:
Continue Reading at DavidStockmansContraCorner.com…
Source: http://financialsurvivalnetwork.com/2014/05/consumers-are-dropping-not-shopping-heres-the-proof/?utm_source=rss&utm_medium=rss&utm_campaign=consumers-are-dropping-not-shopping-heres-the-proof
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