Monday, October 01, 2007

Sell the Dow, Buy Gold as US Consumer Spending Falls

What’s an investor to do? Without ‘deals on wheels’, what will keep stocks rolling? And without rising house prices, how will consumers keep spending? And without consumer spending (it is 72% of the economy…no economy in history ever depended so much on people spending money they didn’t have on things they didn’t need), what will prevent the US eco

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