Consumers not spending

If consumers are not spending due to worries about their future personal finances, then they must be saving, which is not necessarily bad for the economy. In fact, it might help to bring financial institutions back into the black.

If consumers are not spending because of actual loss of income, then it is all right that they are not spending credit, after all, it was excessive easy credit that got us into this mess in the first place.

Certainly it must be possible for economists to pretty easily see the amount of consumer saving, assuming we are not all keeping it under our mattresses.