RSAAKS

Will Consumers Spend Again?

You raise some very good questions: e.g. "What if this cleansing of the last two years really worked " the answer based on all the economic data still seems to be that cleansing has a long way to go, because the debt levels of consumers and Govt are still very high on a historical basis. Are you suggesting that the debt has all or nearly vanished?
Of course "What would a year-to-year sales gain of 5% do for the profits..." the answer to this part is obvious, that it would do wonders for the profits, but isn't that what is reflected in the recent 40% rally in stocks?