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Tag Archives: Consumer

Travel expenditures since 2005 and the Great Recession

Earlier this year The Bureau of Labor Statistics posted a graph showing that 2011 household travel expenditures had decreased 6% from their peak in 2007. However, they didn’t adjust for inflation. The decrease is actually much more severe. Continue reading

The economic recovery is coming. Also believe in the Tooth Fairy?

The press and media are rampant with articles that, in one form or another, talk about or refer to a recovery from the Great Recession. There will not be a recovery. I’ll say it again. There will not be a … Continue reading