Consumer Spending..​..................from Rico

In a consumption-based economy this makes perfect sense.
- This is exactly WHY all of the FED policies have meant nothing to the average American, and never will.

To be a 'consumer' you first need to have money to spend.
- I remember a Western businessman waxing ecstatic about how much money his company would make selling toothbrushes and deodorant to the Chinese consumer....there were so many mouths and armpits, why he'd be rich off his commisions! A Chinese businessman standing with us commented that 'to be a consumer, you needed money to spend, and none of the proposed subjects had any.'

This is WHY the FED really does not care about half of Americans (despite the lip service), and is more focused on Wall Street and the upper half of earners to fuel a 'recovery'....."because that's where the money is!" [Thank you Willie Sutton]
- The top 40% of earners account for 60% of consumer spending, and the top 20% of earners account for 40% of all consumer spending.

The cartoonist Al Capp's famous "what's good for General Bullmoose is good for the USA" has been modified by the FED policy wonks into "what's good for the wealthy is good for the USA."
- This does not include Main Street or Joe and Jane Sixpack