Quote:
Originally Posted by PBzeer
Where the parents of the Boomers worked and saved towards their major purchases, we now see people "wanting it all", right from the git-go.
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A logical point of view. But, the credit crunch kicked in a year ago. The pull back in consumer spending occurred 9 months ago. If it isn't being spent, where is all this money you are talking about? If your view were true, this money has to logically be somewhere else, if it in fact exists.
Show us the money John. If you do, you're right and I'm wrong. If you can't find it. You're wrong and I'm right.
It's that simple.
This is incredibly important. No super power has survived the collapse of it's economy. This is actually a matter of National Security.