Decline and Fall of The American Consumer Economy
Apr 18th, 2008 | By Peter D. Schiff | Category: Stock Market InvestingHigh-profile bankruptcies of mainstay American retailers, such as The Sharper Image and Linens ‘n Things, as well as the proposed mergers between Blockbuster/Circuit City and Delta/Northwest, and the admissions from the nation’s leading student lenders that their business models are no longer viable, mark the beginning of a long overdue overhaul of the American economy.