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US News and World Report: The End of the Shopaholic Nation?

Trader Mark (September 20th, 2008) Writes:
Ideas we've been presenting since blog inception i.e. the Pooring of America - are starting to gain fame in the mainstream media. Again, gas dropping 50 cents is not going to fix the consumers problem. I don't care what the consumer stocks rally is "telling us" - that's just hedge funds running in and out of stocks to create a return so they can make their quarter. You have a nation built on 25 years of easier and easier credit, and that credit is drying up by the day. Then in the past decade as the middle class loses its buying power and wages do not keep up with inflation it only exaggerated the problem. To stay afloat and or "live the American lifestyle" many resorted to pulling every lever they have. Now the bill will be coming due. I ...

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