Friday, November 9, 2012

Weakness Begets More Weakness

“The 99% represents the US consumer….It is the purchasing power of this massive, amorphous group that drives the US economy forward. The problem, however, is that four years into a so-called recovery, this group is still being financially squeezed from every possible angle, making it very difficult for them to maintain their standard of living, let alone increase their levels of consumption.”

- Excerpt from a recent article by Eric Sprott and David Baker. Read the full article here: