Schweizer

Confidence Games and Ponzi Schemes: No Way to Run the World's Largest Economy

All that consumer spending was tied to housing. That ATM has now been unplugged. People are adjusting to the new lower level of spending and it is not all that harsh. It is almost taboo now to desire toys and other consumer junk. A generational shift is underway ans the US Gov needs to adjust too, by shrinking in its spending. No sign of that which is what has everyone concerned.