Yesterday, the Washington Post Express featured a story with an original angle. According to the paper (not an editorial, reported as news) Americans anxious over economic turbulence are starting to save their money for a time without healthcare, food, and other luxuries. The bad news is, this may defeat the purpose of the stimulus bill, to get people to SPEND SPEND SPEND, thus Americans will be ironically wrecking the economy through their careless “saving.”
Let me get this straight: our growth-at-all-costs economy has hit a ditch after Americans began purchasing homes they couldn’t afford and running up massive debt. But the worst thing would be to slow down and reconsider our habits, and live within our means?
I can’t find the link to this story. That’s probably for the best.
This is the official trend blog of Competitive Futures, a management consultancy that provides trend research and analysis for business and government around the world. Here, we update you on interesting trends we see as part of our work for our clients.
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