Buen’ Dia’ Aug 5, Another look at GDP and the Consumer
With futures basically unchanged, we look to Europe, oil, and the dollar and see no clues as to where we sre headed today. So I won’t guess as I seldom make one day trades any ways. Instead I will follow up on yesterdays topic of consumer spending. Yesterday I posted the graph here [more] showing consumer spending trailing off while government spending increases. I ended with the conclusion that for this recession to end it was up to the consumer. Yesterday we got two conflicting pieces of data to fit into the equation. In the first comment you will find yesterdays graph in a format to make it easier to see the change from month to month. I will also discuss the new information from yesterday.