Unformatted text preview: III. replace that source of demand? a. the Chinese consumer b. Chinese save about a quarter of what they earn IV. Why save? a. Consumers lost their net worth b. resuscitate their retirement accounts or children’s college c. save to buy home V. Microwave= luxury item a. realizing they can’t accumulate everything b. “That may be hard for a lot of brands” VI. Ms. Kennedy home buyers a. Didn’t buy=good b. “A couple years ago it would have been easier for us to get a loan”...
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- Spring '10
- Valuation, gross domestic product, government spending, Kellogg School of Management, NYT, Jonathan A. Parker