Monday, October 31, 2005

Latest consumer spending numbers hide weakness - Oct. 31, 2005

cnn money

Summary: consumer spending down. could be lowest point (Q4) in 19 years. low gas prices could be a trojan horse if the Fed raises the short-term interest rates again in this quarter and the bond-market rates go higher as they did in September for the first time. (i think i got that right)

Oh, don't worry. Christhmas is coming!

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