tag:blogger.com,1999:blog-11027528911364475.post2327927073006346482..comments2024-02-18T21:10:05.205-08:00Comments on EconomPic: What Consumer Slump?Jakehttp://www.blogger.com/profile/07946497592651234440noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11027528911364475.post-85855536923825195462010-04-14T12:47:08.978-07:002010-04-14T12:47:08.978-07:00transfer of wealth (from debt holders to indebted ...transfer of wealth (from debt holders to indebted homeowners) may be driving this, but the economic rebound is happening.<br /><br />i think the key to what you're pointing out is whether it is sustainable (or whether the wealth individuals think they have is really there). <br /><br />unless disposable income increases due to compensation to support further consumption, it probably is not.Jakehttps://www.blogger.com/profile/07946497592651234440noreply@blogger.comtag:blogger.com,1999:blog-11027528911364475.post-24871681179256394362010-04-14T12:29:48.097-07:002010-04-14T12:29:48.097-07:00I think you better look at this Market Ticker post...I think you better look at this Market Ticker post: http://market-ticker.denninger.net/archives/2194-Oh,-So-The-Recovery-Is-About-Delinquency.html<br /><br />Retail sales appear to be going up because people aren't paying their mortgages. I don't think that's a good trend.Anonymousnoreply@blogger.com