HEY WHAT'S NOT TO LIKE...!
EVERYONE KNEW THAT THE GLOBAL ECONOMY WAS HEADING SOUTH...THE ONLY HOPE WAS THAT THE CORPORATE CEO'S WOULD USE SOME CREATIVE ACCOUNTING TO BULLSHIT STOCKS HIGHER...
BUT THE DAMAGE SEEMS TO BE DEEPER THAN THAT... THE US CONSUMER HAS BEEN UNDER GAS PRICE PRESSURE FOR NEARLY A YEAR... AND THAT IS HAVING A DRIP DRIP DRIP IMPACT ON CONSUMER SPENDING... PEOPLE SIMPLY ARE LIVING WITHIN THEIR BUDGETS...AND THAT MEANS BUYING FEWER TOYS...AND JUST PAYING THE NECCESSITIES...LIKE FOOD, POWER AND INSURANCE...AS WELL AS MORTGAGE AND INSTALLMENT DEBT... A FULL LOAD TO BE SURE...
NO WONDER NO ONE IS "GOING SHOPPING" ANYMORE... WHAT DID THEY EXPECT WOULD HAPPEN...
OF COURSE THE IRRELEVANCE OF OIL TO THE US ECONOMY WAS DECLARED EARLY AND OFTEN THIS YEAR... AND THAT BIG LIE...LIKE ALL THE OTHERS...IS FINALLY BEING EXPOSED.
