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Essay

Has the Consumer Finally Caved?

Essay specific features

 

Issue:

Social Issues

 

Written by:

Carl D

 

Date added:

November 8, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

1 / 254

 

Was viewed:

1803 times

 

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Essay content:

This is called the paradox of thrift. It implies a self-fulfilling prophecy: that people save in since they think they are approaching or in a recession and by saving, therefore provoke further strife in the economy. Consumer spending is anticipated to fall another 3% in the third quarter. Producers of expensive/big ticket items (those that are very responsive to interest rates) will feel this decrease the most...
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This is called the paradox of thrift. It implies a self-fulfilling prophecy: that people save in since they think they are approaching or in a recession and by saving, therefore provoke further strife in the economy. Consumer spending is anticipated to fall another 3% in the third quarter. Producers of expensive/big ticket items (those that are very responsive to interest rates) will feel this decrease the most...
displayed 300 characters

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