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Re: Consumer Spending in U.S. Unexpectedly Falls as Incomes Slow

By: wilful in FFFT | Recommend this post (0)
Fri, 30 May 14 10:35 PM | 51 view(s)
Boardmark this board | Food For Further Thought 		Msg. 64137 of 65535
(This msg. is a reply to 64133 by oldCADuser)
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"Isn't that headline a bit moronic…"

Yes it is - and totally expected - from Bloomberg.

"Or are todays 'experts' so deluded that they've completely forgone all sense of logic and/or understanding of the economic realities facing the average American today?"

OCU - your accurate perception of the mindset of Bloomberg's experts also indicates that(mindset) of Mr Bloomberg himself.

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The above is a reply to the following message:
Re: Consumer Spending in U.S. Unexpectedly Falls as Incomes Slow
By: oldCADuser in FFFT
Fri, 30 May 14 7:10 PM 		Msg. 64133 of 65535

Isn't that headline a bit moronic…

"Consumer Spending in U.S. Unexpectedly Falls as Incomes Slow"

How can it be unexpected for people to reduce their spending when they have less money to spend? Or are todays 'experts' so deluded that they've completely forgone all sense of logic and/or understanding of the economic realities facing the average American today?

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