It's not all bad news, he indicated. Consumer spending among the 90 percent of people who remain employed should increase as their confidence improves for a number of reasons. That includes being among the job survivors, seeing stock prices rise and having a belief that federal economic policies will work, he said. Spending growth precedes job and income growth, he said.
"seeing stock prices rise and having a belief that federal economic policies will work", see, sotck market is the most important thing in the recovery process! O8 won't let anybody break it. Ha, time to all in. |