Friday, March 6, 2009

The March of the Consumer Continues

Dan Frommer seems to be confused by the continued advance of growth in the consumption sector, despite the fact that, as I have pointed out, a recession is a move toward a consumption strength in the consumption/savings ratio. This time it is pay-TV demonstrating ABCT:

With the housing market crash and the rise of free video on the Web from sites like Hulu, you'd think that the pay TV industry might have felt a pinch last year. Not the case.

At the end of 2008, almost 80 million U.S. households paid for TV service from a top cable, phone, or satellite provider. That's about 1.5 million more households than paid for TV at the end of 2007, or about 2% growth.

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