Don't Get Cajoled Into Consumer Spending

There tends to be some sort of consensus in the mainstream media that we’re potentially experiencing a real economic recovery. As you well know, The Daily Reckoning vigorously disagrees.

One significant reason, among many, is the lack of consumer spending. It makes up about 70% of economic activity in the US.

If you ever feel cajoled into spending your hard-earning savings to prop up the American economy, resist!