AJC:Less-confident consumers could stall recovery

[futurebeachbum]

Story in the business section of the AJC today called "Less-confident consumers could stall recovery".

Its all our fault for not buying as much stuff.

Consumers are having second thoughts about the recovery.

Shoppers are losing confidence, becoming more concerned about low pay and a weak job market than about bargains. And their worries are threatening to drag down the economy.
....
With unemployment at 9.5 percent, shoppers are likely to stay frugal in the coming months. If they retrench sharply, businesses could cut back on hiring. Potentially, the economy could slip back into recession. The odds of that happening, while still low, have risen in the past three months, economists said.

How typical of an AJC article. Things aren't deteriorating because the government has totally bungled dealing with the economic crisis and refused to do anything to stimulate job creation...They are bad because those darned citizens are being frugal.

I am again reminded why we referred to the AJC (AJ & AC back then) as the "Urinal-Constipation" when I was a student at Ga Tech in the 70's.

 

[Geo]

Dumb question- what is AJC?

 

[futurebeachbum]

Dumb question- what is AJC?

Atlanta Journal-Constitution AKA The Urinal-Constipation AKA The Fish-Wrapper

 

[DuneAHH]

The proverbial Guilt Trip... such juicy fruit.
Mankind should just commit seppaku

 

[Beach Runner]

Atlanta Journal-Constitution AKA The Urinal-Constipation AKA The Fish-Wrapper

Being born and reared in Atlanta, I've heard the AJC referred to as the "Atlanta Fishwrapper," but not the other.

Sometimes I can be so slow, but I get it now -- a play on words:
Journal ~ Urinal
Constitution ~ Constipation.


My Daddy read both the Constitution (AM) and Journal (PM) every day, but he always complained about their liberal twist on the news.

Back to the thread, we are cutting back (except for my shoes and makeup ;-)) and paying off unsecured debt. We have three cars that we actually own for the first time since the car that Mom bought us when we were in grad school was replaced by a luxury vehicle purchased by us. We used to trade often, so we leased. We used to shop at Lenox every Saturday. Now we never shop anymore other than for the exceptions above. Hubby teases me that he's surprised that Neiman's is still in business since it's no longer my second home.

So I guess that the AJC is saying that we are contributing to the downfall of the economy. That happens as one gets closer and closer to retirement unless one has a much greater income than ours. Until the economy rebounds, we have no choice but to be conservative in our spending now.

 

[Lynnie]

I think I remember hearing Urinal Constipation before-that's very funny! It is way far left, unfortunately, but I picke up a Sunday paper about 2-3 times a year.

Perhaps my lack of purchase is contributing to their slow recovery as well.

 

[Beach Runner]

I think I remember hearing Urinal Constipation before-that's very funny! It is way far left, unfortunately, but I picke up a Sunday paper about 2-3 times a year.

Perhaps my lack of purchase is contributing to their slow recovery as well.

I pay $5 a month for the daily online version. I figure it's worth that.

 

[zip]

You just need to learn the difference between need and want. You need money in the bank you want a new dress but you do not need a new dress.

 

[LuciferSam]

Story in the business section of the AJC today called "Less-confident consumers could stall recovery".

Its all our fault for not buying as much stuff.



How typical of an AJC article. Things aren't deteriorating because the government has totally bungled dealing with the economic crisis and refused to do anything to stimulate job creation...They are bad because those darned citizens are being frugal.

I am again reminded why we referred to the AJC (AJ & AC back then) as the "Urinal-Constipation" when I was a student at Ga Tech in the 70's.

I didn't read the article, but I think it's a simple matter of we are damned whether we do or don't. We are screwed if we spend and screwed if we save, and we desperately need to do both for the good of the economy.

 

[Miss Critter]

I didn't read the article, but I think it's a simple matter of we are damned whether we do or don't. We are screwed if we spend and screwed if we save, and we desperately need to do both for the good of the economy.

Soooo . . . we're just screwed.