Nie żadne bajki o przeszłych wynikach, ale najważniejsze jest załamanie popytu tracącego pracę konsumenta (70 % PKB), co spowoduje kolejne załamanie na giełdzie.
Those investors who allow themselves them to be distracted by irrelevant manufacturing numbers, or deceived by contrived, “sentiment” readings are simply setting themselves up to be “surprised” by the next down-leg for the U.S. economy. As I pointed out in“The Death of the U.S. Consumer Economy”, U.S. retailers themselves have already acknowledged a “generational” shift in U.S. consumption behavior.
They are now in “survival” mode – and their only tactic for surviving is laying off employees. This is a self-reinforcing downward spiral which cannot be interrupted (let alone negated) by the tiny Obama “stimulus package”.
The U.S. is a consumer economy, and the U.S. consumer is dead. As I said at the beginning, it's really very simple.
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