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<p>[QUOTE="doug444, post: 1978105, member: 38849"]Consumer SPENDING is what keeps the economy going, and it's a growing share; that isn't necessarily good, by the way. Source, St. Louis Fed.</p><p><br /></p><p><font size="5"><b>US Personal Consumption Expenditures as % of GDP </b></font></p><p><font size="5"><b>[ATTACH=full]352374[/ATTACH] </b></font></p><p><font size="5"><br /></font></p><p><font size="5"><br /></font></p><p><font size="5"><b>Moore's Law has nothing to do with "driving" the economy. It actually says that the number of transistors in an integrated circuit doubles every two years, soon to be adjusted upward to three years.</b></font></p><p><font size="5"><br /></font></p><p><font size="5"><b>There's a limit to how much technology (or anything else) households can buy. You might get better products for less money, and increase your productivity (or solitaire playing), but it certainly doesn't drive the economy, especially when the hardware's imported. </b></font></p><p><font size="5"><br /></font></p><p><font size="5"><b>Increased spending also lowers the household savings rate, and puts the average household deeper into debt.</b></font></p><p><font size="5"><br /></font></p><p><font size="5"><b>I see CT members bailing out of their coin collections, and their bullion, especially in the last six months, and I suspect debt's the primary reason.</b></font></p><p><br /></p><p><font size="5"><b>///sorry for the bold font, it refuses to shut off.</b></font></p><p><font size="5"><br /></font></p><p><font size="5"><br /></font></p><p><font size="5"><br /></font></p><p><font size="5"><br /></font></p><p><font size="5"><br /></font></p><p><font size="5"><br /></font></p><p><font size="5"><br /></font></p><p><font size="5"><br /></font></p><p><font size="5"><br /></font></p><p><font size="5"></font>[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1978105, member: 38849"]Consumer SPENDING is what keeps the economy going, and it's a growing share; that isn't necessarily good, by the way. Source, St. Louis Fed. [SIZE=5][B]US Personal Consumption Expenditures as % of GDP [/B] [B][ATTACH=full]352374[/ATTACH] [/B] [B][/B] [B][/B] [B]Moore's Law has nothing to do with "driving" the economy. It actually says that the number of transistors in an integrated circuit doubles every two years, soon to be adjusted upward to three years.[/B] [B][/B] [B]There's a limit to how much technology (or anything else) households can buy. You might get better products for less money, and increase your productivity (or solitaire playing), but it certainly doesn't drive the economy, especially when the hardware's imported. [/B] [B][/B] [B]Increased spending also lowers the household savings rate, and puts the average household deeper into debt.[/B] [B][/B] [B]I see CT members bailing out of their coin collections, and their bullion, especially in the last six months, and I suspect debt's the primary reason.[/B][/SIZE] [SIZE=5][B]///sorry for the bold font, it refuses to shut off.[/B] [B][/B] [B][/B] [B][/B] [B][/B] [B][/B] [B][/B] [B][/B] [B][/B] [B][/B] [B][/B][/SIZE][/QUOTE]
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