US Consumer Spending Goes Haywire – The “New Abnormal”

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American consumer spending is a funny thing.  For years, throughout much of the 00’s, we watched in amazements as the US consumer went on the greatest spending binge in the history of Planet Earth. First, we spent all the money we had.  Then, we spent all the money we didn’t have.  We borrowed against our […]

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Our good friend JL sent this laugher along from The Economist…is it any wonder why old media financial coverage is heading towards extinction? The Economist reports: The behaviour of American consumers has been rather confounding of late. Early in the year, retail sales were surprisingly strong, even as labour markets remained exceedingly weak. Recently, however, […]

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