Thursday, March 31, 2011

No Pent Up Demand Around Here

The Economist writes Consumer spending: No pent up demand around here "While consumers are spending, as shown in the chart above, there has been no sign of pent up demand. Real consumer spending on goods fell off its pre-2008 trend line during the recession and has since resumed its former pace with no indications that a surge in spending to make up for lost time is imminent."

Consumer 1

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