| Submit your comments on this article |
| Home Front Economy |
| Fearful consumers stop spending in August |
| 2008-10-01 |
| Consumers facing rising unemployment kept their spending unchanged in August even though incomes rose, according to a government report Monday that showed optimism about the economy's direction was fading. |
| Posted by:Fred |
| #5 I want a job as a headline writer. Where I grew up, "Consumers Stop Spending" is not the same as "kept their spending unchanged" ... maybe I need to recheck my dictionary. :-( |
| Posted by: ExtremeModerate 2008-10-01 11:41 |
| #4 If American consumers saved a reasonable proportion of their income and lived within their means, the entire US economy would collapse within weeks. This has been true for some years (? decades). |
| Posted by: Anguper Hupomosing9418 2008-10-01 10:41 |
| #3 Haven't they been telling us we need to save more anyway? Now they sound worried that we arent buying as much miserable crap. I have no idea what these goons are going to do to the economy in the next month so I save more and spend less on non-essentials, where is the mystery in that? |
| Posted by: bigjim-ky 2008-10-01 10:39 |
| #2 ...kept their spending unchanged So, what's the matter? ..even though incomes rose Yeah, well Christmas is coming up and some of us need to 'bank' the extra for gifts for family and friends and travel. Some of that travel will probably involve GAS. August is about the start month to getting the act together. |
| Posted by: Procopius2k 2008-10-01 09:14 |
| #1 So in other words we acted like sensible f*cking people for a month? Gasp and swoon!!! The economy is sunk!! |
| Posted by: bigjim-ky 2008-10-01 07:18 |