Tuesday, June 23, 2009

Recession's Impact Permanent, Not

I continue to read dribble about how the consumer's behavior is going to change because of this recession. Wrong, if a direct strike failed to alter behavior, it is unlikely that missing a few dollars in your pocket is going to change anything. There is a need for credit and once the credit spigot is reopened and it will, there is pent-up demand waiting to be unleashed.

Go out and play!