Hi beerme,The drop in consumer spending is the catalyst.All the...

Hi beerme,

The drop in consumer spending is the catalyst.

All the supposed green shoots have relied on the horrible data just getting less horrible. But consumer spending continues to get more horrible, and consumer spending is about 70% of US GDP.

Without a turn in consumer spending increasing, the green shoots will wither and die, and then we will be left with a completely bare paddock, and the seed already sprung and dead.

- pug