Sunday, May 03, 2009

 

Factoid of the Day: A spurt in consumer spending

There are three areas where consumer spending has increased. Guns. Condoms. And alcohol. —Diane Swonk, chief economist at Mesirow Financial, as quoted by Joe Nocera in "Same Data, Conflicting Forecasts"

These must be the "green shoots" that Federal Reserve Chairman Paul Bernanke and the financial press have seen sprouting in parched fields and dank doorways.

Tags:

<< Simply Appalling Home

Atom feed

Weblog Commenting and Trackback by HaloScan.com
Blogarama - The Blog Directory

Blog Search Engine

Politics
Blog Top Sites

This page is powered by Blogger. Isn't yours?