Sectors and Styles Strategy Report: August 11, 2008

excerpt from this week's report:
"No doubt, last week’s $14.3 billion surge in consumer credit will help the US economy in the near term, but eventually US consumers must begin to repair their debt laden balance sheets. At noted in my Thursday blog posting, until consumer expectations re their assets (real estate and financial) may not deliver their future needs (notably retirement), consumers live in denial and balance sheet repair (in the form of reduced borrowing and increased savings – from income) is deferred. This is a question of when not if..."


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