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HomeConsumer Demand Continues to Contract
Posted by Larry Doyle on June 10th, 2010 8:32 AM |
For those inclined to monitor the pulse of the American consumer, please make it a habit to regularly visit the Consumer Metrics Institute. Rick Davis and team do fabulous, cutting edge, and real-time analysis of consumer activity in our domestic economy. Recall that Rick is already way ahead of the curve in calling for -1.5% 2nd quarter GDP and has an early call for a -2% 3rd quarter GDP.
What has Rick seen over the last ten days? Continued contraction in consumer spending. Let’s navigate. (more…)
