10-07-2011, 09:32 AM
kj wrote: As far as everyone driving the economy by buying high-margin gadgets and luxuries; that was then, this is now. It may never be like that again. And considering how it happened (abuse of credit), I'm not sure it should.
So, you blame the middle class and agree that it should die?
It's the middle class that drives the growth in the economy. The explosive growth of AAPL would not have happened without a large segment of the population that could afford iPods, etc. It wasn't abuse of credit that bought those ipods, it was disposable income, which the middle class has.