Here we go again? | Clipmarks


	Here we go again?

egoldstein

8-28-2009 8:50 AM

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tags:

economy

egoldstein says:

While this type of behavior will probably be celebrated on Wall Street - and perhaps even promoted by Washington - isn't this type of behavior (spending more than we make on credit cards, etc.) what got us into a mess in the first place?

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8-28-2009 10:32 AM

debbyski

That seems logical.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/55f8a143-b130-4559-b14a-0d4a8abbe7cc/6381E6F3-3334-4657-855A-E80043E7EF12/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.marketwatch.com/story/consumer-spending-rises-02-while-incomes-flatten-2009-08-28?dist=bigcharts" href="http://www.marketwatch.com/story/consumer-spending-rises-02-while-incomes-flatten-2009-08-28?dist=bigcharts" style="font-size: 11px;">www.marketwatch.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/story/consumer-spending-rises-02-while-incomes-flatten-2009-08-28?dist=bigcharts"><P>
With spending rising faster than incomes, the personal savings rate fell to 4.2% from 4.5% in June.
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