Bloomberg is puzzled why Americans are not spending more even with a better job market.
Really Bloomberg? Didn't we complain about Americans spending too much? I think it is better that
Americans finally start saving and live within their means. There is no need to buy things that we
don't want or need. Didn't we learn that it was all the spending and debt that caused all this havoc?
Thank God that Americans are becoming more prudent.
Bloomberg insinuates that this is very bad for the US economy...Yes, in the short term because
companies will not beat earnings and will have to adjust for the smarter consumer. But in the long
run, it will be much better for America and the world. Also, Americans have been always creative
and energetic people. I have no doubt that they will invent or come out to raise productivity and
reduce waste. God bless America :D
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