Looking Up - Trading Off-Not Giving Up

Consumers are "trading off" rather than "pulling back" in their purchases in the recession, this article claims.

Trading Off-Not Giving Up

Last week was another stomach-churning roller-coaster ride on Wall Street. But the really bad news that roiled the stock market was leavened during the week by other, more hopeful news. The bad news about consumers pulling back is not the full story. Consumers are not simply pulling back; they are trading off.

While consumers are indeed doing less, they are also doing more, pushing forward in ways that reflect a heightened focus on trade-offs. In particular, consumers are keeping what they want most by trading off the unaffordable for the affordable ways of getting it. And...

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