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Varchild2008 (85.27)

Gallup's Consumer Spending Chart shows rise since March

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August 06, 2009 – Comments (1) | RELATED TICKERS: SPF , DOW , SPX

YES! Folks..... Took awhile...Cause I didn't want see it or want to believe it.... But, if you log onto

http://www.gallup.com/poll/112723/Gallup-Daily-US-Consumer-Spending.aspx

And if you SQUINT real real hard.... yes... you can draw an upward sloping curve from MARCH to AUGUST 6th....   Upward Sloping Curve on Consumer Spending!

The March bottom on Consumer Spending is:

3-DAY   $48......  14-Day  $54

Today we have:

3-Day  $56 (+8 since bottom)               14-Day  $58   (+4 since consumer spending bottomed).


Can we blame this entirely on the rise of Gasoline Prices?
Or is Varchild2008's  2009  Shopping Spree Craze entirely the cause for this?

It's ALL ME!!!  right?

NOTE:  GALLUP doesn't count home buying, Car buying, or Bill Paying.

1 Comments – Post Your Own

#1) On August 06, 2009 at 10:22 PM, rofgile (99.30) wrote:

Its pretty hard to see that, even squinting.

To me it looks flat, like a bottom in consumer spending.

This is another aspect of the economy that still hasn't recovered, and if it really starts to go positive, we could have that much more fuel under the market.

 -Rof 

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