Illuminating Quote

[flwyd]

"People have been worried about that for a long, long time. As long as unemployment stays below 6 percent, there isn't really a big problem with consumer spending," he said. "It got soft mostly because of the war. People got caught up watching the war, instead of doing what Americans are supposed to be doing -- spending."

-- Ed Peters, chief investment officer, PanAgora Asset Management

Comments

[teal-cuttlefish.livejournal.com]

Unfortunately, I've been part of that less-than-six-percent for a year and a half now, and I assure you, it's had a really big impact on my spending.