tag:blogger.com,1999:blog-5031158403516294065.post9145305021965339162..comments2024-01-01T23:30:26.181-08:00Comments on DEMCAD's Corner: Consumer Spending CRASHES!DEMCADhttp://www.blogger.com/profile/00682505975096231290noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5031158403516294065.post-71887823927511006812010-02-14T16:20:13.170-08:002010-02-14T16:20:13.170-08:00This is a recession/depression based on debt. Our...This is a recession/depression based on debt. Our leadership (both parties) is trying to fix it by spending money and going further into debt. All this is going to do is make the government hit the printing presses harder when the time comes to do something.<br />Take a look at the national debt. It is 12.3 trillion. Does anyone remember the period of 21% interest? I do. At that interest rate, the money that the government would have to spend would be negative. There are not enough tax receipts to cover that interest. Right now the budget assumes that the interest rate will be 1.5% and will remain that way out as far as the eye can see. <br />Can you say inflation? That is the only way out of this mess. Everything we have saved that is in US dollars will be worth a fraction of what it was before.EdR77203https://www.blogger.com/profile/06665780067578529248noreply@blogger.comtag:blogger.com,1999:blog-5031158403516294065.post-73876928684201037492010-02-08T13:57:25.371-08:002010-02-08T13:57:25.371-08:00A couple things I don't understand about this ...A couple things I don't understand about this number. First why is .4 percent the worst on record? You would think that the worst on record would be like 5 or 10 percent drop or something, .4 percent sounds so small to me. I know my online sales have continued to grow despite this downturn so I guess the retail business will always hold up. Secondly it seemed like most months retail reports in 2009 were showing positive reports, so one has to wonder if these reports were all downwardly revised many months after the fact.Steve Godinhttps://www.blogger.com/profile/09844990084198149300noreply@blogger.com