Really and truly. The world of finance is quite literally afraid that "the US motor" is about to stop running. The way people are talking it seems that the future of the human race (or at least its financial system) depends upon whether Joe6pack decides to supersize or not. I can personally guarantee that the human race will not suffer if there are only three pet valet stores within 5 miles of your house instead of five. I promise that progress will not stop if Bed Bath and Beyond goes to the wall.
If we're going to have a recession, shit let's have one. Time to stop pandering to the US consumer and let 'em die their own death. Stupid and greedy enough to refi 5 times? Stupid and greedy enough to live on welfare for five years. If the bottom does fall out of the US consumer sector we're in for a hard time, but so is the dollar and that will even up the world playing field in the long run.
C'mon China...I dare you...bite the bullet and sell some U$ bonds.
If we're going to have a recession, shit let's have one. Time to stop pandering to the US consumer and let 'em die their own death. Stupid and greedy enough to refi 5 times? Stupid and greedy enough to live on welfare for five years. If the bottom does fall out of the US consumer sector we're in for a hard time, but so is the dollar and that will even up the world playing field in the long run.
C'mon China...I dare you...bite the bullet and sell some U$ bonds.