Guest Post: Tossing The Consumer Under The Bus...And Insanely Expecting An Economic Recovery

Submitted by Tyler Durden
01/18/2011 18:32 -0500

by D. Sherman Okst of Financial Sense

Tossing the Consumer Under the Bus...And insanely expecting an economic recovery

I’ve been pouring through the Fed Reserve’s recent release of circa 2005 FOMC meeting transcripts. The most striking observation that one can make is that the consumer - the very lifeblood that determines whether our economy will live or die - has been discarded.

Discarded --- as in tossed under the bus.

Ninety-nine percent of our “economistsâ€