Thursday, August 21, 2014

If I Were A Central Banker, This Would Be My Number One Graph

Bottom?



I am still bullish on consumer spending.  Just too many cool gizmos out there, extended adolescence of millennials, and retirement of baby boomers.  Money is a state of mind.  As long as the right mindset exists - desire, motivation and commitment - there will be lots of money to spend.
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4 comments:

  1. The ArthurianAugust 24, 2014 at 6:19 AM

    Good post.

    I wish that graph went back to 1947. Things were already bad (i.e., the reliance on credit was already excessive) in the 1970s or probably the late 1960s. I can't see a "good" economy on your graph.

    "Money is a state of mind." -- I like it!

    ReplyDelete
    Replies
    1. Luke The DebtorAugust 25, 2014 at 3:05 AM

      I wish I had a graph that went back to a better time.

      Delete
  2. AnonymousAugust 24, 2014 at 7:52 PM

    You baby boomers are the most selfish generation to ever exist. You destroyed your own children's and grandchildren's future with your short-sighted selfishness and immaturity. And then you expect them to pay for your retirement????

    Can you baby boomers just hurry up and drop dead, please?

    ReplyDelete
    Replies
    1. Luke The DebtorAugust 25, 2014 at 3:08 AM

      Anonymous said Can you baby boomers just hurry up and drop dead, please?

      Hurrying is the physical equivalent of worrying, which only degrades the heart. Don't need that.

      Delete

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