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« Small Business Advocate Interview | Main | Guidelines for Investor Presentations »

January 01, 2009



Bill, I tend to disagree with your forecast. In fact it's seems more likely that families will try rebuild their balance sheets rather than resume previous consumption habits. Plenty of people in the 40-55 yrs age bracket see now they are underprovisioned ref retirement and probably have very low expectations ref returns they expect from the stock market. It might also become more clear to more people that the obligations/promises of the US government might become unsustainable/undeliverable as they grow bigger. In other words people need to save more. Rgds Franco


I think the decline in consumer spending is more linked to the current psychology than to real income drop.

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