Wednesday, February 18, 2009

Keeping The Wallet Closed

No surprise here, but they are now putting some numbers on the obvious trend - Americans just aren't spending the way we once did. It's back to the basics, and very little more.

The end of rampant consumerism in America?

As much as many Americans treat shopping as a sport of actual activity, this could be quite a shock. The Republican system of economics based on credit and fantasies of never-declining house prices have put the country in a challenging situation. Casting aside excessive consumerism is not such a bad thing, but it does not mean [...]
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