Griz

The Second Reason Consumers Aren't Spending

I gotta comment on Celtin's rebuttal: "You can't confuse sociology with economics". If not driven by sociology, then what is economics? A natural phenomenon? A by-product of our lunar cycle? No, everything and everywhere economics is a man-made phenomenon . The price of things is in what the collective "market" perceives them to be, not where they naturally occur. Markets rally or fall based on the perceptions, and outlook of people as driven by their greed or fear.

The Second Reason Consumers Aren't Spending

People are creatures of habit. As we get use to spending less and saving more it will inevitably begin to catch on. Maybe we might even get up from our computers once in a while and go outside to get some fresh air...