Article

2008-10-01 Home Front Economy

Fearful consumers stop spending in August

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Fred 2008-10-01 00:00|| || Front Page|| [4 views ] Top

#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|| 2008-10-01 07:18|| Front Page Top

#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|| 2008-10-01 09:14|| Front Page Top

#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|| 2008-10-01 10:39|| Front Page Top

#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|| 2008-10-01 10:41|| Front Page Top

#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|| 2008-10-01 11:41|| Front Page Top

11:28 Ulush Gonque1304
23:50 USN,Ret.
23:47 Jolutch Mussolini7800
23:35 Steven
22:57 JosephMendiola
22:57 Barbara Skolaut
22:52 Barbara Skolaut
22:48 JosephMendiola
22:42 Chuck Sinatra8071
22:38 JosephMendiola
22:33 Zhang Fei
22:18 JosephMendiola
22:16 JosephMendiola
22:13 JosephMendiola
22:11 rjschwarz
22:08 Uleth Guelph1169
22:06 rjschwarz
22:04 rjschwarz
22:04 Procopius2k
21:54 ed
21:52 Jolutch Mussolini7800
21:49 Procopius2k
21:42 tipover
21:41 tu3031