THURSDAY JULY 31
Rebates: Coincidence – Or Psychic Phenomena?

It’s got to be one of those, because we are not even considering that a flash-in-the pan taxpayer rebate of up to $600 singlehandedly revived the U.S. economy in the second quarter (ahead of the GNP report out today, not to mention two others covering labor costs and jobless claims). C’mon. You know what our families did with their rebates? They spent them on European vacations. That’s right, the money went into someone else’s country. And contrary to popular belief, $600 is not enough to get you that home you’ve been wanting in Malibu if you otherwise can’t afford it. (Not that you won’t buy it anyway.) Never mind what economists suggest in the following story.

July 2008

Login Required

Enter your login details here

E-mail:

Password:

New User?

Sign up to get free access to TraderDaily.com