I guess it's all in how you look at things

[airdvr 210]

Consumer Spending Up, Supports Recovery Picture

US consumer spending, income remain sluggish

Wonder which publication is drinking the kool-aid.

Please don't dent the planet.

Destinations by Roxanne

[billvon 3,121]

If you read more than just the headline they are basically saying the same things. (Of course, can't make any political points using that angle.)

[airdvr 210]

Quote

If you read more than just the headline they are basically saying the same things. (Of course, can't make any political points using that angle.)

Quote

Consumer Spending Up, Supports Recovery Picture

"Consumers are getting more comfortable, which is an essential ingredient for a sustainable recovery. The Federal Reserve should be pleased to see steady spending growth, but will not raise rates until the job picture improves," said Chris Low, chief economist at FTN Financial in New York.


US consumer spending, income remain sluggish

Consumer spending rose 0.3 percent in February from 0.4 percent the previous month while personal income was flat in February following an upwardly revised 0.3 percent growth in January, the Commerce Department said.

The latest figure showed the slowest growth in income growth since July and in spending since September.

You think those 2 articles are saying the same thing? I need to find out where you're getting your prescriptions filled .

Please don't dent the planet.

Destinations by Roxanne

[billvon 3,121]

>You think those 2 articles are saying the same thing?

Basically, yes. Both reported very small rises in income and spending. From the first article, which you claimed was misleadingly rosy:

"The rise in spending despite flat incomes . . . "

"Personal income was flat last month following January's 0.3 percent rise, the Commerce Department said. Payrolls of goods-producing industries fell $3.5 billion in February . . . "

"Real disposable income was flat last month after falling 0.4 percent in January. With no income growth, savings fell to an annual rate of $340 billion, the lowest level since October 2008."

"Lackluster spending has raised worries the economic recovery from the worst downturn since the 1930s that started in the second half of 2009 could loose steam when government stimulus and the lift from inventories wanes."

But hey, keep drinking the kool-aid. It must be easier than reading.

[pirana 0]

Quote

>You think those 2 articles are saying the same thing?

Basically, yes. Both reported very small rises in income and spending. From the first article, which you claimed was misleadingly rosy:

"The rise in spending despite flat incomes . . . "

"Personal income was flat last month following January's 0.3 percent rise, the Commerce Department said. Payrolls of goods-producing industries fell $3.5 billion in February . . . "

"Real disposable income was flat last month after falling 0.4 percent in January. With no income growth, savings fell to an annual rate of $340 billion, the lowest level since October 2008."

"Lackluster spending has raised worries the economic recovery from the worst downturn since the 1930s that started in the second half of 2009 could loose steam when government stimulus and the lift from inventories wanes."

But hey, keep drinking the kool-aid. It must be easier than reading.

In that respect forecasting the economy is much like forecasting the weather; everybody has the same source information, but somehow they often come up with different interpretations.

" . . . the lust for power can be just as completely satisfied by suggesting people into loving their servitude as by flogging them and kicking them into obedience." -- Aldous Huxley

[kallend 2,156]

Quote

Consumer Spending Up, Supports Recovery Picture

US consumer spending, income remain sluggish

Wonder which publication is drinking the kool-aid.

The stock market rose following the report.

...

The only sure way to survive a canopy collision is not to have one.