I'm not a gloom and doomer but from what I read in the papers most of this spending is done via credit card. According to the seattle times, the US personal savings rate is 0 and consumer debt is $2.2 trillion - about double what it was 10 years ago. I guess the question is, how long can this go on?

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I'd rather argue against a hundred idiots, than have one agree with me. — Winston Churchill