Friday, January 31, 2014

Consumer spending up, income flat

http://www.foxbusiness.com/economy-policy/2014/01/31/consumer-spending-rises-personal-income-flat/


Market pares losses after the "good" news.

Update:

This is how I know I am on the right track.  Of all the reasons for a rally, this has to be the lamest.  Incomes should be rising, not flat.  All this means is that consumers are piling up debt again.  It's just more bubble economics.  Surely that should be obvious even to the most thought challenged.


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