Yesterday: Consumer confidence is up! Everybody rally!
Today: Consumer spending is down! Continuing job claims are up! Everybody… rally?
Sounds like we’re all still consumption-minded, but troubled by niggling pay cuts, unemployment and the inability to use our homes as ATMs any more. In other words, is everyone is going to the mall, walking around like zombies and saying “Man, I’d like to buy stuff if only I had a stable job?”
Amusing: Suze Orman has brough her ah, particular brand of financial advising to Twitter, where you can read her blithers about American Idol and ask her if you can afford that new jetski. As you can see, here’s the kind of mentality that an economy dependent on consumers must crusade to overcome.
Tony // Apr 30, 2009 at 1:09 pm
You know, I was thinking to myself the other day, what if we as a society took this opportunity to create an economy based on something other than base consumerism?
And then I thought “Man, I gotta quit drinking…”
alyx // Apr 30, 2009 at 1:10 pm
Buy buy buy. Whatever were you thinking?
mr_clueless // Apr 30, 2009 at 1:35 pm
Buy buy buy. Whatever were you thinking?
Just like the nsync song, right?
People are spending like crazy with all the money they’re saving because they’re living for free as they decided to stop paying the mortgage.
Jason // Apr 30, 2009 at 1:46 pm
Like what, smart guy? Hugs and fuckin’ paper dolls?
alyx // Apr 30, 2009 at 1:47 pm
I spent some time in a hug-based economy, at Burning Man. It gets very special toward the end of the week, because bathing isn’t involved.
Tony // Apr 30, 2009 at 3:27 pm
It should be noted that our economy wasn’t dependent on wide and unsustainable consumerism before the early 20th century… it’s not buying things I have a problem with, it’s an economy that depends on its constituents spending more than they make.
Now paper dolls, on the other hand…
Bill // Apr 30, 2009 at 3:39 pm
It isn’t consumerism that’s the problem. The problem is the FED (LOL)
LoLo,Esq. // Apr 30, 2009 at 6:27 pm
what about an economy based on pornography
Jason // Apr 30, 2009 at 8:48 pm
I would be the new Warren Buffet. I would be Warren Muffet.
www.vbrief.com // May 1, 2009 at 5:23 am
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