I read an article over CNBC that referenced the US economy is acting like a zombie economy or at best a sleepwalking one.
Why aren’t the talking heads and so-called experts thinking things through?
1. We know that the great drive of the economy in the past consisted of at least high consumer debt and confidence (depitalism).
2. Today there is very little confidence and the debt has come to roost.
This has resulted in consumers having to pay down debt and —- here is the good news —– make better spending choices. Ultimately this is good for the country but we are still in the taking the medicine phase which the medicine usually tastes horrible. The businesses, government and financial industry have to wake up and find the new normal and act from there. MSM and all the news makers need to quit comparing THIS economy to the past SO THAT CONFIDENCE can increase. We don’t want an economy supported by lies, high debt and worthless paper; what we want and DESPERATELY NEED is an economy based on fiscal responsibility (consumer and governments) and real value/worth.