Reply #12: Wait till... [View All]

[TreasonousBastard]

the fourth quarter numbers come out next year. It's what, 70%, of retail profits are Christmas purchases.

We'll know soon enough if retailers are throwing parties or funerals. We'll also know if consumers are loading up their credit cards or taking out new mortgages to pay for whatever it is they buy.

Car sales and housing starts are primary movers in the economy, but they can't sustain it forever and depend on debt. Health care is another prime mover, and that depends on how many people are insured-- privately and publicly.