Comments on: Bill Gross thinks the June unemployment data is bad http://www.creditwritedowns.com/2009/07/bill-gross-thinks-the-june-unemployment-data-is-bad.html Sat, 21 Nov 2009 08:48:41 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: LavrentiBeria http://www.creditwritedowns.com/2009/07/bill-gross-thinks-the-june-unemployment-data-is-bad.html/comment-page-1#comment-5736 LavrentiBeria Thu, 02 Jul 2009 17:58:57 +0000 http://www.creditwritedowns.com/2009/07/bill-gross-thinks-the-june-unemployment-data-is-bad.html#comment-5736 Suspect that a future involving a resumption of vigorous consumer spending is a bit imaginative. Michael Hudson speaks to the question of what consumers are likely to do with any available funds here:<br><br><a href="http://www.counterpunch.org/hudson06302009.html" rel="nofollow">http://www.counterpunch.org/hudson06302009.html</a><br><br>Seems to me the worm has turned. The illusion of being forever financed now turns into the reality of debt peonage. And if you're really taken with illusions, just keep believing that the ballot box will offer a remedy. Suspect that a future involving a resumption of vigorous consumer spending is a bit imaginative. Michael Hudson speaks to the question of what consumers are likely to do with any available funds here:

http://www.counterpunch.org/hudson06302009.html

Seems to me the worm has turned. The illusion of being forever financed now turns into the reality of debt peonage. And if you're really taken with illusions, just keep believing that the ballot box will offer a remedy.

]]> By: stk http://www.creditwritedowns.com/2009/07/bill-gross-thinks-the-june-unemployment-data-is-bad.html/comment-page-1#comment-5732 stk Thu, 02 Jul 2009 14:40:32 +0000 http://www.creditwritedowns.com/2009/07/bill-gross-thinks-the-june-unemployment-data-is-bad.html#comment-5732 See! That's why banks/financial institutions are pushing for wage increases and bonuses. Otherwise, no recovery! LOL. See! That's why banks/financial institutions are pushing for wage increases and bonuses. Otherwise, no recovery! LOL.

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