Prometheus 6

I saw this headline

Consumer Spending Up the Most in 5 Months

...and I wondered if this is really good news. This covers December, Christmas season, which means a great deal of that consumer spending was done on credit.

“It looks like we are getting through these rough times pretty comfortably,” said David Resler, chief economist at Nomura Securities International in New York.

I kept seeing ads targeting folks who are so wealthy they can give their spouse goddamn Lexi, BMWs and the like without said spouse noticing the change in the bank account balance.