Ridiculous Headlines Say Surging Consumer Spending To Drive US Economic Growth

by Lee Adler
Wall Street Examiner

The BEA reported today that Personal Income rose and Consumer spending rose in July. The headline numbers were +0.4% and +0.3% respectively. These are seasonally adjusted month to month % gains. The numbers were also revised up for May and June. Let’s party!

The Wall Street Journal headlined:

U.S. Consumer Spending Rose in July

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