Aug 21, 2011
Robert Reich: Stock Tip: Be Worried. Workers are Consumers.
Repeat after me: Workers are consumers. Consumers are workers.
We’re slouching toward a double dip, and the stock market is imploding, because consumers – whose spending is 70 percent of the economy – have reached their limit.
It’s not just the jobless who can’t spend. It’s mainly people with…
I agree.
Who in their right minds could worry about deficits and taxes instead of first worrying about earnings?
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Mostly chronicling the collapse of America, former democracy.
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