Nbadan
12-05-2004, 05:15 PM
Retail, auto sales, job numbers suggest tougher times
The recent spate of sales figures and job numbers underscore an emerging picture for the economy: the gap between the haves and the have-nots is widening amid a draining of the middle-income ranks.
"The longer-term pattern is that the rich are getting richer," said Standard & Poor's Chief Economist David Wyss. "It's not so much that the poor are getting poorer, but there's a hollowing out of the middle class."
As fortunes improve for certain sectors of the population, so too do their tastes for autos, apparel and home furnishings to leisure and hospitality choices, leading to a "buying up" to better and higher-priced merchandise and experiences.
At the same time, the higher prices at the gas pump and for home energy bills are pinching the monthly budgets of lower-end consumers -- and ultimately showing up in receipts at the retailers who cater to them.
CBS Market Watch
Link (http://tinyurl.com/4wptk)
According to the FREE TRADERS, your losses are someone else's gains! It ALL BALANCES OUT! So cheer up. Somewhere in China, someone is making more money!
Sour grapes.
It's a Global Economy! Sure, some Americans will be hurt for 5 or 6 generations. Sure, most American parents can no longer promise their children a better life, but look how much better the RICH folks and the poor in China and India are doing.
You'll feel much better as soon as you just accept the fact that you are a piece of shit, and nobody in the Republican Party or the Democratic Party is going to do ANYTHING to help you!
There now. Don't you feel better. Don't forget to send your donations to the GOP/DNC.
The recent spate of sales figures and job numbers underscore an emerging picture for the economy: the gap between the haves and the have-nots is widening amid a draining of the middle-income ranks.
"The longer-term pattern is that the rich are getting richer," said Standard & Poor's Chief Economist David Wyss. "It's not so much that the poor are getting poorer, but there's a hollowing out of the middle class."
As fortunes improve for certain sectors of the population, so too do their tastes for autos, apparel and home furnishings to leisure and hospitality choices, leading to a "buying up" to better and higher-priced merchandise and experiences.
At the same time, the higher prices at the gas pump and for home energy bills are pinching the monthly budgets of lower-end consumers -- and ultimately showing up in receipts at the retailers who cater to them.
CBS Market Watch
Link (http://tinyurl.com/4wptk)
According to the FREE TRADERS, your losses are someone else's gains! It ALL BALANCES OUT! So cheer up. Somewhere in China, someone is making more money!
Sour grapes.
It's a Global Economy! Sure, some Americans will be hurt for 5 or 6 generations. Sure, most American parents can no longer promise their children a better life, but look how much better the RICH folks and the poor in China and India are doing.
You'll feel much better as soon as you just accept the fact that you are a piece of shit, and nobody in the Republican Party or the Democratic Party is going to do ANYTHING to help you!
There now. Don't you feel better. Don't forget to send your donations to the GOP/DNC.