Tag Archives: US economy

Consumer Spending Squeezed

mallWhen it comes to the spectator sport known as the U.S. economy, there’s only one stat I really give a shit about: consumer spending. Jobs rely on consumer spending. Stock market performance relies on consumer spending. Corporate spending is an outgrowth of consumer spending. You get the point. Unless consumers are prying open their wallets, don’t expect much else to happen (except IT spending, which is up mostly because expenditures have been put off for too long).

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