Consumer Spending Sluggish in March

[hipmatt]

http://biz.yahoo.com/ap/070430/economy.html?.v=15

Could this be signs that Americans are finally over taxed in regards to their mortgages, credit cards, and other debt, and that discretionary spending has to slow down…

[meadandale]

Guess this is what happens when the housing ATM stops dispensing cash.

[GoUSC]

I am still boggled by the savings rate. We, as Americans, on average, have been spending more than we make for 2+ years. Pathetic. And it can’t continue. I still believe we are on a path for a eceonomic disaster in this country.

Doesn’t bode well for me as I develop shopping centers. Oh well there is always China, India and Europe to build. 🙂

[Author]

Posts