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November 26, 2012

Economics 101

3 Comments

Tis the sea­son that will define whether 2012 was a retail dud or success.

I’m always amu­sed by the pun­dits who talk of eco­no­mic growth or dec­line and that ‘con­su­mer con­fi­dence’ plays a huge part in the deter­mi­na­tion of growth.

Con­su­mer con­fi­dence is in rea­lity, nothing more than a mea­su­re­ment of state of mind. If we all think the eco­nomy is good, it will be.

Thus the above sta­te­ment, which if we all believe will result in a full eco­no­mic recovery.

End of story.

Tags: consumer confidence, economic recovery, recession

3 Responses to “Economics 101”

1. Kola says:

   November 30, 2012 at 10:41 AM

   all college econ text­books should be repla­ced with this car­toon Loll

   Reply
2. Elmas says:

   December 10, 2012 at 7:16 AM

   And if we all close our eyes, really really hard, our cre­dit card debt will be gone, our jobs will come back, our country’s $16 TRILLION dollar defi­cit will disap­pear and peo­ple will feel insul­ted at the thought of appl­ying for govern­ment handouts.

   This is the type of thin­king that has got­ten us in such trouble.

   Wake up.

   Reply
3. Kenneth Vogt says:

   December 19, 2012 at 6:14 PM

   I pre­fer the con­cept of con­su­mer con­fi­dence on a more micro level. My per­so­nal eco­nomy is as good as I believe it to be. As a small busi­ness owner I don’t need to be con­cer­ned about the vigor of “the mar­ket­place”, I only need to be con­cer­ned about the peo­ple I sell to. If I sell to 1/100th of 1/100th of the mar­ket­place, I am rich! While I have the best of wishes for the other 99.99%, they really don’t con­cern me or my busi­ness. The take away is: get your own house in order and maybe the rest will have the good sense to follow.

   Reply