The difference between the NBER defined recession and the Main St economy has seldom been greater. The consumer is in a double dip or one long recession.
Tag Archives: CMI
Consumer Contraction Now Exceeds the Great Recession
The aggregate severity of the 2010 consumer contraction has exceeded that of 2008. The projection is that 2010 will be more than 50% worse than 2008.
Political “FUD” and the Consumer Psyche
Fear, uncertainty and doubt (“FUD”) in any form increases cautious behavior, and in the case of consumers that might just reinforce new-found habits of frugality.
The 800 Pound Gorilla is Starving
Consumer discretionary spending is showing negative growth worse than the depths of The Great Recession. Other components of GDP are degrading as well.