Quote:
Originally Posted by RIJIMMY
I dont agree. Look at the real data. People are spending.
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Just looked up fresh data and you're right about the savings %. Personal savings as a % of income is down a bit. We are coming out of a holiday season though so who knows. It doesn't change my opinion in the rest of that post with regards to overall distrust of the economy and horrible unemployment rates preventing people from really going out and making purchases.
At the end of the first quarter, there will probably be another bump as people get their tax returns, but I can't see consumer spending trending upward significantly any time soon. There are still far too many radicals with the economy and health care.