tag:blogger.com,1999:blog-3782644139927778760.post2249061348876381768..comments2008-04-15T16:57:26.285-04:00Yves Smithhttp://www.blogger.com/profile/03506020285476330865noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3782644139927778760.post-25625735378795639252008-04-15T16:57:00.000-04:002008-04-15T16:57:00.000-04:002008-04-15T16:57:00.000-04:00Yes, 41% will pay down debt -- then they'll find religion and not charge the cards back up ever again. This time, it's different.<BR/><BR/>ha ha!<BR/><BR/>If Treasury were smarter, they would not cut the checks until November. With checks coming in summer, all those dollars will go to pool toys and ice cream instead of bolstering the all-important Holiday Shopping Spree.Jonhttp://www.blogger.com/profile/11263835939651206336noreply@blogger.comtag:blogger.com,1999:blog-3782644139927778760.post-78208419341258490322008-04-15T11:06:00.000-04:002008-04-15T11:06:00.000-04:002008-04-15T11:06:00.000-04:00I never metaphor I didn't like, and Ms. Warren has a good one, yes. For the leader, I'd have preferred 'The Stimulus Which Fails to Arouse,' but. And I'm with Max, $600 isn't enough to make a dent in any relevant debt accreation, so these checks will likely go toward happy fuzzies or immediate needs.<BR/><BR/>In the long-run, we're all dying and don't know it; just as well, too: we'd pray more and party less, wasting the time we have. : )Richard Klinenoreply@blogger.comtag:blogger.com,1999:blog-3782644139927778760.post-5955166118529234682008-04-15T08:09:00.000-04:002008-04-15T08:09:00.000-04:002008-04-15T08:09:00.000-04:00It had to happen this way. During the euphoria, the lone voices warning against the bubble were drowned out by the loan voices (cheezy, yes?).<BR/><BR/>Anyway, it would appear the US trade deficit is creating a bipolar deflationary/inflationary environment in the US and inflation in the export economies. <BR/>Who'da thunk it. If the American consumer doesn't get up and spend pretty freaking soon, there might be a recession. Luckily the US built a surplus during the good times and can run a counter cyclical deficit in the bad times. <BR/><BR/>Oh, we ran a deficit during the good times ? Wow, we really are in deep doo doo. <BR/><BR/>Maybe there really is something to this economics stuff. If this is the long run does that mean I'm allready dead ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3782644139927778760.post-67717193572975055452008-04-15T02:28:00.000-04:002008-04-15T02:28:00.000-04:002008-04-15T02:28:00.000-04:00I don't know how much credence do such surveys have. It's hard to believe most people won't blow their rebates on discretionary items. Maybe the respondents just want to sound as being responsible adults, or maybe they are telling what they are _projecting_ to do, not what they are going to do - big difference.<BR/><BR/>Expect massive ad campaigns around the rebate time - TVs, iPods, etcMaxnoreply@blogger.comtag:blogger.com,1999:blog-3782644139927778760.post-62070934348359527202008-04-15T02:18:00.000-04:002008-04-15T02:18:00.000-04:002008-04-15T02:18:00.000-04:00<I>fully 41% say they will use their rebates to pay down debts.</I><BR/><BR/>Can we just stop with the pretty words and call that a bank bail out?Anonymousnoreply@blogger.com