Teresa,
Of course ,people are spending money.Those with a bit of cash have been able to get things at good prices.Even the poor have to shop to live also.
There is only a small percentage that suffer through a reccession and these are the ones that lose their jobs,or the high flyers that didnt have the money in the first place.
Sorry ,forgot about the people who have retired.
Now we wait for the first home owners payout to end,and interest rates to rise and all hell will break loose.