17
   

Not a single Republican vote. Heard that before.

 
 
Cycloptichorn
 
  1  
Reply Wed 17 Jun, 2009 12:09 pm
@maporsche,
maporsche wrote:

Cycloptichorn wrote:

maporsche wrote:

We might actually see an increase in personal savings this year.


Uh, for a variety of reasons, I sure wouldn't bet on that. All these people who are losing jobs are spending their savings just to stay afloat.


I just saw this article today and it reminded me of my forecast back in Feb.

http://finance.yahoo.com/tech-ticker/article/265576/%22Herculean-Effort%22-by-U.S.-Consumers-Only-Making-Small-Dent-in-Debt-Mountain?tickers=XLY,%5EGSPC,%5Edji,SPY,DIA,EEM,FXI?sec=topStories&pos=9&asset=&ccode=


Wow, you were definitely right! Though the overall household debt numbers still suck.

Cycloptichorn
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