The good folks at GOOD have an infographic look at holiday spending posted with some really interesting facts. One must take some of this stuff with a grain of salt as 2007 data is the predominant source. Things were different back then – most of us had a pot to piss in. Happy Holidays 2009,…
Consumer Spending
S&P: The Consumer is Coming Back, But Don't Expect Fireworks
The chart above demonstrates how consumer spending typically lags GDP. One of the most gruesome features of our recent downturn has been the sheer depth of the unemployment crisis and how that has led to higher savings rates, leading to the need for businesses to lay off even more employees. Standard & Poors economists David…
