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 Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: LavrentiBeria http://www.creditwritedowns.com/2009/07/bill-gross-thinks-the-june-unemployment-data-is-bad.html#comment-56682 LavrentiBeria Thu, 02 Jul 2009 18:58:00 +0000 http://www.creditwritedowns.com/2009/07/bill-gross-thinks-the-june-unemployment-data-is-bad.html#comment-56682 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. 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-56675 stk Thu, 02 Jul 2009 15:40:00 +0000 http://www.creditwritedowns.com/2009/07/bill-gross-thinks-the-june-unemployment-data-is-bad.html#comment-56675 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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