Friday, October 09, 2009


The decline in consumer spending may subdue GDP growth. Consumer spending is 70% of GDP and leads most recessions into a recovery. A consumer-led recovery is nowhere in sight according to this graph from Stone & Youngberg: http://www.syllc.com/

2 comments:

Anonymous said...

In your video on the Money Show a few weeks ago, you recommended gold. Do you still recommend it at this level?

Deborah said...

At $1000, gold is probably fairly priced. You may be able to buy it on dips in the market.