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BusinessWeek Online -- Economics UnboundWhy U.S. Consumer Spending is Overstated

Jun 25,2008

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Read the world economy blog for global economic issues. Stay up to date on economic analysis, and read updated economic commentary from industry experts.Today's consumer spending numbers look pretty good, don't they? Up 0.8%, more than economists expected. Sounds like those U.S. households just keep spending, no matter how depressed they are. But guess what? Those numbers have a hole big enough to...


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