Running On Empty

By Mike Whitney

Consumer spending is 70% of GDP, but consumers have suddenly stepped on the brakes. This is a real game-changer. Even if the credit markets are restored and the banks show a greater willingness to lend; there will be no return to the pre-crisis consumption-levels of the past. Those days are over.

http://informationclearinghouse.info/article22976.htm



Chamber of Commerce Launches $100 Million Campaign to Protect Wall Street's Power at Our Expense

The CoC is the world's most powerful lobbying machine and it's working to make sure our money gets funneled to corporate execs.

http://snipurl.com/lq01w



The New Homeowner Hallucination

The next segment of the market to crash will be the mid- to high-end, where many smug homeowners are now telling themselves they'll just rent their houses for a year while they wait for the market to "come back." Needless to say, Mark thinks these folks are dreaming.

http://snipurl.com/lq02o


From Information Clearing House



http://freepage.twoday.net/search?q=GDP
http://freepage.twoday.net/search?q=consumer+spending
http://freepage.twoday.net/search?q=credit+market
http://freepage.twoday.net/search?q=Wall+Street
http://freepage.twoday.net/search?q=Chamber+of+Commerce
http://freepage.twoday.net/search?q=lobbying
http://freepage.twoday.net/search?q=homeowner
http://freepage.twoday.net/search?q=Mike+Whitney

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