Recovery? Consumer spending at a 20 month low.

[Small Biz Owner]

Recovery stalled?

Or has all the artificial government stimulus finally run out?


Americans cut spending for first time in 20 months USA Today

www.usatoday.com/money/perfi/2011-08-02-consumer-spending-tuesday_n.htm

[kman]

I'm going to look at a new Harley today. Just doin my part....no need to thank me.

[maui1]

stimulus at its end........look out for qe-3 real soon

kman- post a photo if you buy it.

[Virgil Showlion]

Agreed, Maui. QE3 imminent. The next FOMC meeting is August 9--Mr. Bernanke will announce it shortly thereafter. Gold to infinity when he does.

[bimetalaupt]

Aug 2, 2011 16:39:09 GMT -5 Virgil Showlion said:

Agreed, Maui. QE3 imminent. The next FOMC meeting is August 9--Mr. Bernanke will announce it shortly thereafter. Gold to infinity when he does.

V.S.,
MMXII hold to gold at 1814.90105376052429164702
with correlation[shadow=red,left,300][/shadow]93.774145667027724% I am also low man on the LUX totum Pole!!! They love me too.. well they think I am... ..
It was over 100 F most of the Month of June..Spending down .. Who was out shopping vs in the Pool!! Saving rate via SLFRB-FRED was 5.4% or up from 5% for May but down from 5.8% from June 2010!! Too hot to go shopping!!
Markets depend on savings.. with a nine month phase delay for M2!! The banks need the capital also..!! and discipline
Just a thought...
Bi metal Au Pt

Attachments:

[blebs]

I find it extremely funny that as soon as things "Get serious" the markets drop like a rock. What's the matter? Afraid they'll be coming after your monopoly money? Seems quite a few investors are peeing their pants today.

[usaone]

The next QE is the rising M2. Soft patch until Sept.... Then it's up up up!!!

Good couple of weeks to buy good quality stocks at a discount.

[smackdown]

"Gold to infinity when he does."

I disagree. No QE3. No Bernanke in the next FOMC Meeting. Today was a wake-up call as many Senator's e-mails and phone lines melted with threats of war if the Debt Ceiling Increase goes through. LOOK at Obama in the post-vote blather speech he gave ("Step 1... blah blah blah blah blah"). He has no plan and now he looks like an IDIOT having listened to bankers (and gave them money), listened to Bernanke (who gave banks more money) and now Kowtowed to Republicans and cut his !@#$ off. QE3 is what pissed off patriots cry as they breach the walls of the White House. The REAL joke will be the drum beating over Job Creation. Another loser initiative. It's about Job Recovery. That is, telling Big Business to go get those folks they fired and take major pay cuts not new loans to cover the on-boarding. Pay attention to Jesse Jackson's comments-- the cuts unleash poor-associated costs that were controlled for a reason. I agree, I know what he's talking about.

Dow 11,500 by Friday? Or lower? I'm looking for under 9,000 by September so enough !@#$ hits the fan to start REAL discussions about REAL answers to issues, not campaign donation drives (already).

[BeenThere...DoneThat...]

Aug 2, 2011 18:19:32 GMT -5 sunrnr said:

The scuttle butt is WWIII will be upon us in the September/October time frame when Iran gets taken out by Israel.

Wars and fear mongering are the defacto business models of the modern age. Lots of money to be made for those that have too much already.

Just rumors mind you. Just what are seven US aircraft carriers doing in the Middle East anyway???

...what do I know, but aren't we supposed to be ratcheting down over there? doesn't that mean pulling out personnel and equipment? doesn't that mean carriers could service troops after land-based facilities are packed up, but before personnel actually pull out?

...it's a good cover story, anyway...

[Small Biz Owner]

US consumer spending accounts for about 70% of our GDP and economic growth. This does not bode well for our hypothetical recovery.

[decoy409]

I will take 'run out' for $100 Alex,

"Recovery stalled?

Or has all the artificial government stimulus finally run out?"

Maybe we can borrow from Apple!