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Don't Count Consumers Out Just Yet

Discussion in 'Fundamental Analysis' started by ActionForex.com, Jun 27, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    Holy Schmoley, consumers spent their tax rebates after all! While it really should not be a surprise, the tax rebate checks provided a huge boost to after-tax income and helped drive spending sharply higher in May. After-tax income surged 5.7 percent and spending increased 0.8 percent. The personal saving rate...

    complete article here...

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