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[quote=Anonymous][quote=Anonymous]When the 2008 recession occurred (after some were hit by their mortgages defaulting) it was -consumer spending down. Ok, we can all buy less -businesses struggling because spending was down -layoffs -due to the layoffs, it was a downward spiral of less spending-business struggles-layoffs on repeat[/quote] When consumer spending does not bounce back, is not able to bounce back, there is an issue. So far I see people spending less overall, but not that they are unable to spend. They just get less for more. This is the only bright spot I see. Until business and layoffs happen. I know layoffs are occurring, but not to the 2008 extent.[/quote]
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