Consumer Spending Power Likely to Shrink Further, Financial Services Professional Dennis Tubbergen Says
Grand Rapids, MI (PRWEB) June 12, 2009
Consumer spending power may shrink even further in coming years, according to financial professional Dennis Tubbergen, who recently commented on the issue on his financial services blog, at http://www.dennistubbergen.com.
Attempting to revive their economies and spur consumer spending, world leaders are trying to inject money into national economies, Tubbergen writes.
Where will this money come from, given many world currencies are suffering? Some governments may decide to monetize their money supply, Tubbergen writes – in other words, print money to throw at these problems.
This is already happening in the U.S. – and it could be a “recipe for inflation,” Tubbergen writes.
Inflation is defined as too much money chasing a limited supply of goods and services, according to Tubbergen.