Confidential Wal-Mart Memo…The Consumer Is Tapped Out

| August 3, 2011

The consumer is broke and getting broker.  So far, the free loaders have been free spenders.  That’s about to change as the banks get closer to kicking millions of the mortgage dead beats out of their homes.  As this evolves things will likely get down right nasty for the economy! From Bloomberg:  Disclosure from an internal, […]

The Inability Of Nations And Consumers To Get Out of Debt, Weighs On Global Economy, And Will For A Long Time

| June 26, 2011

From The Wall Street Journal….. Today, U.S. consumers have more mortgage and credit-card debt than they did five years ago.  Given the difficulties of paying down debt, “you have to get comfortable with the idea that it’s going to take a long time for the markets to adjust and for the economy to get back on […]

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