Tuesday 28 June 2011

Consumer Spending, Personal Incomes "Weaker Than Expected", Economists Optimistic for Second Half, I'm Not

http://globaleconomicanalysis.blogspot.com/2011/06/consumer-spending-personal-incomes.html

Are economists ever pessimistic? The idea that growth will pick up because of falling gasoline prices is complete silliness. Gasoline prices are falling because growth is slowing.

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