I am learning that egg-head economists are saying that 70% of the American economy is driven by consumer spending. I have also learned that consumer spending in September dropped 1.2% from the previous month, and that if those numbers keep over time that could mean we are in a fairly serious recession. (Of course this drop in spending is caused by people either maxing out their charge cards or some are getting smart about debt, you pick)
I blame my dear wife for this recession. She wouldn't let me go out and buy new socks. These numbers prove I should sneak out and pick up some new ones. Let the good times roll!