Reply #18: Actually even during the worst of the depression [View All]

[nadinbrzezinski]

people still spent money.

So yes there is money, how much it is a good question, but economic indicators, not what you see among your neighbors, don't lie. The sale of durable goods, see things like cars and dishwashers, are on the way up. It is up by 0.09% in the month of January and the trend is up.

So it doesn't matter if you doubt it, people are starting to buy these goods.

This is why I like to keep my eyes on actual indicators and not just my personal experience.

By the way, you have noticed that jobs trend into the positive territory, right? Well that means that as people feel better, they will spend even more money. This is the way it works, every time, even during the Depression.