Lots of us are turnips now...

[Skidmore]

we have no blood to be squeezed. Think Wall Street will get that message? You can't be a consumer when you don't have discretionary income.

[DJ13]

1. Wall St thinks that a billion IndoChinese consumers making $200 mo

will replace millions of Americans who used to average $4,000 per month.

I dont think they've figured out that at that income only the basics can be met.

Nobody making $200 per month will be spending $1,000 on a TV or refrigerator.

[CrispyQ]

2. They are killing the goose that lays the golden eggs.

This is the problem when you only look one quarter ahead.

[MadHound]

3. Au contraire, we have plenty of blood left to be squeezed,

It is just going to be done by methods our generations aren't familiar with. You need to go back a few hundred years, think slavery, indentured servitude, the feudal lord.

[girl gone mad]

4. Wall Street can get money straight from the source now.

Much more convenient to get free money from the Fed and through unlimited government bailouts than to have to do actual financial innovation and value added services. They print money out of thin air through complex derivatives schemes, then when those instruments blow up, the Fed replaces the worthless junk with real money. Good times.