Guest Post: 10% Savings Rate + Consumer Spending At 65% Of GDP = Retail Disaster | zero hedge

The country has been on a 30 year drunken binge of debauchery, debt accumulation and delusions of never ending 10% annual home price gains funding a glorious 30 years of retirement on an island in the Caribbean. These visions of a sugar plumb life of leisure are slowly giving way to the nightmare scenario of eating cat food in your very own cardboard box McMansion.

via Guest Post: 10% Savings Rate + Consumer Spending At 65% Of GDP = Retail Disaster | zero hedge

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