6:20 PM One number says it all: 0.2%. That's the average annualized
growth of U.S. consumer spending over the past 14 quarters. Never before
in the post-WW II era have consumers been so weak for so long. In an era
of balance-sheet repair, it's little wonder that fiscal and monetary
stimuli have been ineffective - the slowdown is "not the fault of not
enough liquidity."
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