What consumer downsizing means for stocks

Cheap oil and cheap credit has fuelled an era of consumption in the US. But now it is becoming fashionable to cut back, writes Chris Hancock. So what does this mean for equities?

Cheap oil and cheap credit has fueled an era of consumption in the US. But now it is becoming fashionable to cut back, writes Chris Hancock. So what does this mean for equities?

The "next big thing" our friends at The Daily Reckoning recently predicted, "will be downsizing, cutting back, making do. Barely on the radar screen now, thrift is coming into focus more clearly day by day. So far, people are a bit embarrassed about ita bit ashamed that they have had to cut back. But soon, it will be popularfashionableand, finally, almost obligatory."

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