What was most noteworthy about the past week is the confirmation that consumer spending, so far, has continued to hold up even as emergency Congressional assistance has been terminated for a month and a half.
As usual, clicking over and reading will bring you up to the moment on all of the important economic data, and will reward me with a penny or two in my pocket for putting the information together for you.
folks are spending what little cash they have to buy used car to live in then putting their purchases on a credit card that is then Maxed out then putting their three kids in the back and wife in the front using as little gas as possible driving to the soup kitchen whenever one is open.
what you see reminds you of what John Steinbeck wrote in his East of Eden. folks getting in their car and driving to California .
the grandmother dies as they drive. nobody says anything. they stop the car, burry the grandmother. nobody says anything get back in the car driving to California where they hock their car for enough money to get started just enough money for food.
when the idiots break into the control room start flipping the switches and turning the wheels we are in a heap of trouble boy.