Post No. 90a: Articles of Interest: When Consumers Cut Back: A Lesson from Japan

Much has been made recently about the contraction of credit and the reluctance of consumers to part with their hard earned dollars because of their uncertainty about our economic future. The following article appeared in the February 22, 2009 electronic edition of the New York Times. It is most definitely food for thought. To view it, you need simply click here.


Since the original posting of this article, we came across another article expressing similar concerns about the reluctance on the part of the consumer to spend, albeit with respect to the automotive industry. To review Dave Leggett's article on his blog, Just - Auto, click here.