Thursday, October 27, 2011
Economy: The Consumers Are Back
These numbers aren`t surprising. They fit to the strong retail sales numbers I wrote about recently (how-us-consumers-save-world). The new data confirm that the consumers are the engine of the U.S. economy. People are still optimistic instead of the perpetual negative news drum in the media. I guess this has a tradition in the U.S., maybe a heritage to the pioneer ancestors.
As long as the U.S. consumers are willing to expand their purchases the majority of the companies will flourish and will overcome the problems in other parts of the U.S., such as the struggling financial sector or shrinking government expenditures.