http://boards.pruden...;snsa=A#M553438
That you, Mr. Moto, for that far-ranging synopsis.
My own myopic view comes from yesterday's walk around the local mall. In fact, I wasn't going to post my thoughts because I was so demoralized, but I am impelled by your review to do so.
Needless to say, no one has told the sheeple that we are (or are heading into) this "Great Depression II", or that there is a housing bust, or that the U.S. is in dire straights due to our deficits, or that the sub-prime/Alt-A/debt implosion is dragging the entire housing, real estate, mortgage and banking system into the abyss!!!
Far from it.
The sheeps were out en mass, swarming around the Apple Store; literally lined up out the door for Cheesecake Factory, mobbing the Macy's and generally shopping 'til they dropped.
The parking lot was so crowded that mall security had to have guards waving the people in and out.
The food court was overwhelmed with overweight, under-exercised sheeps, all clamoring for their two-thousand calorie junk food meals, and of course Starbucks had a stream of people snaking for a hundred feet out the door, all just dying to slurp down their 600-calorie latte's.
And by the way, lest one get the impression that the lambs were just at the mall to scarf down a meal, please allow me to share that the majority of them had bags from all the major stores there--stuffed with clothes, shoes, games and DVDs.
So, once again the doom-and-gloomers (myself especially) are proven wrong. The Consumer Economy rolls on unabated.
Edited by ogm, 03 September 2007 - 09:56 AM.