> the richest 10% drives consumption not the middle class. the middle > class buys what it needs but the upper class buys what it wants. > I believe it is something like 50% of consumption. while they have > taken a hit as well there are a lot of toys/assets to buy now at > lower prices and if they were smart they'd be buying it all up starting > now.
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Not cheap enough, yet...
Oct 17 17:54 pm
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All Comments by EMS »The Greatest Depression Is Coming [View article]
On Oct 17 09:39 AM jay brebner wrote:
> the richest 10% drives consumption not the middle class. the middle
> class buys what it needs but the upper class buys what it wants.
> I believe it is something like 50% of consumption. while they have
> taken a hit as well there are a lot of toys/assets to buy now at
> lower prices and if they were smart they'd be buying it all up starting
> now.