Three Strikes Against Consumers


	Three Strikes Against Consumers

JICWyllie

8-3-2008 8:41 AM

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tags:

economy, consumers, i-debt, i-spending, i-decrease

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/0601fe64-e1da-4c47-979c-67859321b669/B83E773E-F769-4711-99E7-D12A07EE276B/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.nytimes.com/2008/08/03/business/03view.html?th&emc=th" href="http://www.nytimes.com/2008/08/03/business/03view.html?th&emc=th" style="font-size: 11px;">www.nytimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/08/03/business/03view.html?th&emc=th">the most unusual feature of our current problems: the primary impact of all of them  has been on consumers, not on businesses. Even the credit crisis centers on the home mortgage problem </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/08/03/business/03view.html?th&emc=th"><P>This combination of events explains why it is so hard to find solutions that can bring the economy back into the light. Past recessions and economic crises  typically developed in the business sector, where companies have a habit during good times of running to excess in inventory accumulation or in expanding employment and capacity.  This time, businesses generally have been well financed and conservative in their decision-making. Even the stock market, although at high levels in 2007, has not been in the kind of speculative fever that has led to past crashes. </P><P>As a result of these exceptional conditions, we have no guidelines to follow. We are in uncharted territory.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/B83E773E-F769-4711-99E7-D12A07EE276B/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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