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"Don't Count on A Consumer Led Recovery"

Started by Road_Hog, March 16, 2009, 12:01:06 pm

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Ash

TBH rising debt levels have really been the engine of growth for the last decade plus in the US. The growth was unsustainable. Right now consumers are busy lowering personal debt levels and building savings back up. I know my family's income has doubled in the past year and we aren't spending anything more than before. Instead we are using the extra income to pay down debt and catch up on bills.