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Posted
1 hour ago, Deleterious said:

 

Powered by strong consumer spending, so says Trump's Commerce Department, a party with interest, about a period of time now three to six months ago?

You don't say.

Meanwhile, back in the present day: 

 

Posted
1 hour ago, Deleterious said:

Yeah, our economy is fueled by debt.  Stay tuned tomorrow, where we tell you water is wet.  

unfortunately, consumers don't have the option of spinning off their loses and leaving someone else holding the bag the way US corps do. They end up having to pay their bills sooner or later.

Posted
6 hours ago, gehringer_2 said:

unfortunately, consumers don't have the option of spinning off their loses and leaving someone else holding the bag the way US corps do. They end up having to pay their bills sooner or later.

Debt, public or private, when interest is involved, turns into simple math. Exponents are a bitch.

Posted
On 12/23/2025 at 10:58 AM, Deleterious said:

The article seems to agree.

Quote

Consumer spending has stayed resilient despite the negative sentiments about the economy, 

 

The top 10 percent of U.S. households now account for nearly half of all spending, Moody’s Analytics estimated this fall

(this tidbit cited in a NYT story on conspicuous consumption dining. $600 for a suckling pig anyone?

https://www.nytimes.com/2025/12/18/dining/nyc-restaurant-prices-luxury-menus.html)

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