Comments on: The downside of a consumer-driven economy. http://www.hooversbiz.com/2008/11/07/the-downside-of-a-consumer-driven-economy/ Individuals - Companies - Industries: How We Work Now. Wed, 28 Jul 2010 23:09:19 +0000 hourly 1 http://wordpress.org/?v=3.0 By: thomas http://www.hooversbiz.com/2008/11/07/the-downside-of-a-consumer-driven-economy/comment-page-1/#comment-15333 thomas Tue, 11 Aug 2009 21:30:01 +0000 http://www.hooversbiz.com/?p=1496#comment-15333 Dan-great article, really enjoyed it, but it begs several question 1) Do we want an economy so transfixed on producing goods and services that are purely discreationary? Or do we want to change it? 2) How do we change the economy to reverted to actually making things again, or at least start reducing the amount that consumer products and services account in the economy? Dan-great article, really enjoyed it, but it begs several question 1) Do we want an economy so transfixed on producing goods and services that are purely discreationary? Or do we want to change it? 2) How do we change the economy to reverted to actually making things again, or at least start reducing the amount that consumer products and services account in the economy?

]]> By: Back to the ethic of the farm? -- Hoover’s Business Insight Zone http://www.hooversbiz.com/2008/11/07/the-downside-of-a-consumer-driven-economy/comment-page-1/#comment-13798 Back to the ethic of the farm? -- Hoover’s Business Insight Zone Sat, 24 Jan 2009 16:06:55 +0000 http://www.hooversbiz.com/?p=1496#comment-13798 [...] The downside of a consumer-driven economy. [...] [...] The downside of a consumer-driven economy. [...]

]]> By: Tim Walker http://www.hooversbiz.com/2008/11/07/the-downside-of-a-consumer-driven-economy/comment-page-1/#comment-12877 Tim Walker Mon, 01 Dec 2008 16:57:57 +0000 http://www.hooversbiz.com/?p=1496#comment-12877 Dan -- Interesting. I do believe that we will yet see many, many follow-on effects that are only just beginning to unwind. Being out of the quicksand in terms of a total financial meltdown doesn't mean we're yet out of the woods overall. Dan — Interesting. I do believe that we will yet see many, many follow-on effects that are only just beginning to unwind.

Being out of the quicksand in terms of a total financial meltdown doesn’t mean we’re yet out of the woods overall.

]]> By: Dan http://www.hooversbiz.com/2008/11/07/the-downside-of-a-consumer-driven-economy/comment-page-1/#comment-12754 Dan Fri, 28 Nov 2008 14:00:23 +0000 http://www.hooversbiz.com/?p=1496#comment-12754 Tim - In the Tampa Trib Business Section was an article on how retailers in malls are closing shop and that's leaving some mall owners holding the bag....they can't make their mortage payments...the author said on this front we are only in the 1st inning. Tim – In the Tampa Trib Business Section was an article on how retailers in malls are closing shop and that’s leaving some mall owners holding the bag….they can’t make their mortage payments…the author said on this front we are only in the 1st inning.

]]> By: Tim Walker http://www.hooversbiz.com/2008/11/07/the-downside-of-a-consumer-driven-economy/comment-page-1/#comment-12722 Tim Walker Thu, 27 Nov 2008 16:22:19 +0000 http://www.hooversbiz.com/?p=1496#comment-12722 Dan -- I think you're right that spending habits will be altered in substantial ways for a long time. Besides the major issue of home-equity lending that you point out, there's the related issue of tighter unsecured lending practices, especially via credit cards. This is already leading many big retailers to close stores and radically rethink their marketing and expansion plans. Dan — I think you’re right that spending habits will be altered in substantial ways for a long time. Besides the major issue of home-equity lending that you point out, there’s the related issue of tighter unsecured lending practices, especially via credit cards.

This is already leading many big retailers to close stores and radically rethink their marketing and expansion plans.

]]> By: dan http://www.hooversbiz.com/2008/11/07/the-downside-of-a-consumer-driven-economy/comment-page-1/#comment-12708 dan Thu, 27 Nov 2008 11:41:44 +0000 http://www.hooversbiz.com/?p=1496#comment-12708 We, the American public, are in for a major shift, no longer will our economy be driven by the consumer(for the forseeable future). With the values of our homes going down that large ATM know as home equity will begin to dry up for many homeowners. We, the American public, are in for a major shift, no longer will our economy be driven by the consumer(for the forseeable future). With the values of our homes going down that large ATM know as home equity will begin to dry up for many homeowners.

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