Evidently more and more “experts” are realizing the only way to get the US out of our current, Obama inflicted economic dulldrums is for people to go out and circulate capital. In other words – SPEND MONEY.
“…On Wall Street, the average shopper can trump a Federal Reserve policy maker. With other parts of the economy showing signs of improvement, the question of when a recovery will occur and how strong it will be lies with consumers. So reports last week showing weaker-than-expected retail sales and flagging consumer confidence overshadowed an upbeat view of the economy from the Federal Reserve. The major indexes ended the week with a loss of about half a percent, their first weekly losses in five weeks.”Anything pointing to the health of the consumer and its willingness to spend is going to be watched closely,” said Ryan Jacob, president of Jacob Asset Management in Los Angeles.This week, the consumer is in focus again as a stream of retailers report second-quarter earnings. Wall Street will want to know if retail companies, like businesses in other industries, made money primarily because of cost-cutting rather than from improved revenue or sales….”