The tech ticker is really starting to grow on me. Take a listen to this great discussion around the changes in our consumer behaviour.
The US consumers ability to spend is dramatically shrinking as their access to credit continues to shrink. The shrinking consumer is also being pummeled by massive job losses and increased mortgage payments as a result of overspending on a McMansion during the housing bubble.
The housing ATM of course has also been cut off as housing values continue to fall at a record pace.
Its pretty tough to have a "V shaped" recovery when 3/4 of our economy is based on consumer growth.