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Derek Thompson

Derek Thompson - Derek Thompson is a senior editor at The Atlantic, where he oversees business coverage for the website.
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He is a visiting research fellow at the Committee for a Responsible Federal Budget at the New America Foundation. Derek has also written for Slate, BusinessWeek, and the Daily Beast. He has appeared as a guest on radio and television networks, including NPR, the BBC, CNBC, and MSNBC.

What We're Buying Today: Smartphones, Hair Product, Guns

By Derek Thompson
Aug 9 2010, 10:34 AM ET Comment

Michael Mandel puts together two cool charts to show where Americans are spending money in the Weakovery, and where they aren't. Have a looksee:




In short, we're not moving. We're not buying shoes, we're not buying new homes, we're not taking vacations, we're not buying cars, we're not filling up those cars that we're not buying with gas, and we certainly aren't paying other people to handle all of the moving that we're not doing.

Instead, we're staying home. We're washing ourselves with shampoo, washing our dogs with shampoo, talking on our new phones, and surfing the Web while cleaning our new guns, probably with extra shampoo.

That movie Idiocracy is looking smarter by the second.





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