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Robert Nabloid » Comments » Single Comment
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How low can rates go? Over a year ago I called the fact that lowering interest rates wouldn't do anything to help the situation.
Dec 12 16:43 pm
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All Comments by Robert Nabloid »Retail Sales, PPI - and Why the GDP Could Still Tank [View article]
"Everyone had hoped that the automaker saga would come to an end, but lawmakers are not letting that happen."
It might just be coming to an end. Thank god for Chapter 11. Chapter 11 is in the best interest of the automakers - only then will they be able to fully restructure their obligations.
Why should consumers run out and spend more money than last year (which is what everyone would like to happen)? Should they not start saving for retirement now that they just lost half their retirement funds? Should they not start paying off debt now that many are within 5 years of retirement? Some people don't have future earnings to borrow against. I know that by cutting back on spending it will only further hurt the economy - but perhaps it wasn't sustainable the way it was being operated.