Blackeyebart

The State of the Consumer

Traden4alpha says "As long as unemployment remains high, consumer spending won't recover to pre-crash levels."

This bothers me. It assumes that a recession is an aberration. A sort of collective mistake. People will get over it, and things will get back to "normal".

I view the recession as a correction. A return to fundamentals. A chance to get things right. To clear out crappy stocks and crappy thinking.

Pre crash normalcy is something we should not aspire to.