Spook

Don't Count on the Consumer for a Recovery

Lowered consumer spending = lowered corporate earnings.
Lowered corporate earning - lowered operation expenses
Lowered operating expenses = fewer employment.
Less employment = less consumer spending.

Lowered corporate income = less tax to declare
Less tax declare = less tax revenues
Lowered tax revenues = more foreign loans
More loans = more deficits and longer generation to pay

nothing can be worse than this.