Loading ...Part: “Fed: US consumers have decided to ‘hoard money’”
Comment:
These people must have a very bad memory. After the stock market crash of the March 2000 dot com peak. (5000 naz to 1,000) THEN the Sept 2001 attack, the Fed bozos dropped rates hard and fast creating an over spending situation.
Cash for clunkers etc. People in every village and town was encouraged to buy things they did not even need YET. New windows, heating units, siding, solar panels, TV sets on and on.
Nobody needs anything anymore. They kept everybody in an over bought mode. This is why they want higher minimum wages for non union entry level private sector humps. At least THEY have unmet needs. But even many of them got liar loans and got the needs and wants.
Its time for the USA population to get a rest. 20 hour work week.