Tuesday, August 2, 2011

Consumer Spending Fell "UNEXPECTEDLY" in June

msnbc (c) 8-2-11:
U.S. consumer spending slipped 0.2 percent in June, after edging up 0.1 percent in May. It was the first decline since September 2009. Economists polled by Reuters had expected spending, which accounts for about 70 percent of U.S. economic activity, to rise 0.2 percent...
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...because they are idiots who can't tell which way the wind is blowing without a compass!

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