as you can see, the latest consumer sentiment survey numbers are lower than after the 9/11 attack, and approaching the post hurricane Katrina negative spike.
https://image.minyanville.com/assets...risty/w121.gif
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as you can see, the latest consumer sentiment survey numbers are lower than after the 9/11 attack, and approaching the post hurricane Katrina negative spike.
https://image.minyanville.com/assets...risty/w121.gif
Yes, I do see.
1) Limited and affected natural resources, 2) Rising food prices, 3) Rising healthcare costs, 4) Greater technology and security implementation, 5) Border security issues, 6) Rising oil prices,7) etc., and, 8 ) i.e. higher (and steadily rising) cost of living across the board, do not seem to be helping the credit and housing crises
(notice the pl);
However, I am sure that you noticed that "cute little trendy" peak right before January 2007 -
Because, "Oh My Goodness, we just have to have IT! And it's 30% off!"
*Let The Psychological Games retail stores play to get you to spend more at their store Begin*
::Salvation Army Snta ringing bell for your donation::
::The initially cheery, upbeat (and later annoying) saturation of Christmas Muzak playing in the store::
::The familiar "holiday" scents of pine, cranberry and "homemade" pumpkin pie being pumped through the retail store's venting system and into your olfactory bulb::
And the "savings" (!) ::) :
"Sales!"
"Clearance"
"Black Friday" (That's a good one!)
All on red glossy posterboard (since advertisers understand how colors have the potential to influence human emotion):
"Spend!"
"Spend!!"
"SPEND PEOPLE !!!"
"It's patriotic to spend your money!"
Why? Because, well, afterall, "It's your dollar spending that keep our entire country, and subsequently, the world, afloat!"
Unfortunately, this is the dangerous fact of our economy- And I mean "ours," quite literally:
70% of the economy, in fact. A detrimental huge percentage to overlook.
So here's the riddle:
If people spend more money, they will have less to spend over time /:O .
If they save their money, it would drive production down, thus driving prices down, thus stabalizing the economy and somewhat quelling our foreign dependencies;
But neither of these scenarios are likely, since people have very little to no discretionary income right now and those who do are (wisely, IMHO) investing overseas-
"Circular logic" or Spin :spin: ?
Same thing.
LoL.
The multitude of theories are hopeful, but it couldn't be clearer than it is on paper.
This might jolt a few into coming to their senses, especially with securities falling (Blame "in-house corporate reorganization")-
Who knew "Bear" was the new chic?
(LoL.)
Yes, it's ugly. Nevertheless, beauty and order emerge from chaos.
Thank you for the chart Melonie.
Excellent visualization :) .
:flirt: .
A question on interpretation: Present vs Expectation: At no point do I see expectations exceed "present". That seems to be saying that people always expect things to be "worse" than things are(were) presently going. Just goes to show that people "do" differently than what they "say".:O
Hot2Trot, one of the unfortunate realities of an inflationary economy is that the spendthrifts actually wind up better off than the savers. The spendthrifts get to buy their 'real goods' on credit at lower prices than if they had waited and saved up for the purchase. At the same time the savers / investors see the 'purchasing power' of their savings and investments erode away.
When the s$#t hits the fan, in most cases the spendthrifts can either pay off their creditors with devalued future dollars, or they can outright go bankrupt and have much of the debt erased. At the same time, the savers / investors will see much of the future value of their savings and investments erased. Thus in a hyperinflationary scenario, both the spendthrift and the saver / investor wind up with essentially nothing ... however the spendthrift got to enjoy the 'real goods' before they were repossessed, whereas the saver / investor did not !!!
As you also point out, the best way for a saver / investor to avoid being ravaged by currency devaluation is to shift their investments into a different currency (or 'real goods')