3 ms·
>If they prattle on about how the current situation is bad, it will only make it worse. I see how this could be the case, but I also suspect that having an acc
by helveticaman 18y ago
>If they prattle on about how the current situation is bad, it will only make it worse.
I see how this could be the case, but I also suspect that having an accurate idea of how the economy is doing might help people. I don't think the consumer confidence index is something that should only be really, really high. If, for example, consumers realize they must tighten their belts, they may put less money on their credit cards, freeing capital so it can address the current credit crunch.
- noodle 18y ago> If, for example, consumers realize they must tighten their belts, they may put less money on their credit cards, freeing capital so it can address the current credit crunch. unlikely. the thing is, the credit crunch won't get fixed by people purely saving. if everyone saves, companies will find themselves in tougher times from small revenues, and although there might be more money to go around, the businesses won't be there to borrow it. both businesses and consumers need to be in that happy medium of spending, saving, and borrowing to make the wheels turn.