Thursday, February 21, 2013

5 YEARS INTO "RECOVERY"

"We cannot grow the nation's economy until consumers consume," said NRF chief executive officer Matthew Shay in a statement."  still not consuming like there is no tomorrow?????

Stock rally makes the already wealthy feel more so, but the avg American is not so influenced by that overt manipulation.

But HOUSING DOES

http://finance.fortune.cnn.com/2013/01/25/why-americans-still-feel-poor/?iid=obnetwork
"Why Americans Still Feel Poor"

FORTUNE – U.S. stocks have reached new highs, but most Americans probably don't feel any wealthier. That's because the prices of our homes have a bigger influence over how rich we feel and, therefore, how much we're willing to spend, suggests a recent study by the National Bureau of Economic Research.

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