Toby Smith Stock Review

[kantibhai]

On the MSN board for Strategy Lab hosted by The Strategists, there was a question posted by someone about 10 days back for Tobin Smith reg. one of his Strategy Lab columns "10 reasons a recesssion is coming"
http://articles.moneycentral.msn.com/Investing/StrategyLab/Rnd16/P2/ChangeWaveJournal20080117.aspx
But he doesn't seem to have responded.
I read the column and agree with the reader's skepticism reg. the
wooly math he often puts out unchallenged. The link of that query is:
http://moneycentral.msn.com/community/message/thread.asp?board=moneycentralStrategyLab&threadid=532920&boardname=Hide&header=SearchOnly&footer=Show&linktarget=_parent&pagestyle=money1
and the contents are:

question to Tobin Smith reg. effect of Super Spender retraction
of discretionary buying power
I would like to undertand the math behind your assertion in your
recent strategy lab column that a $1 decline of discretionary
spending by the Super Spenders would results in the equivalent of
$8 decline... presumably of the overall per household
discretionary spending. If these Super Spenders account for 80%
of the discretionary spending, wouldn't a $1 cutback by them
simply add $0.80 to the relatively smaller discretionary spending
cutback by the non-superspending households? What am I missing?