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U.S.: "Clunkers" Program Leaves Sour Aftertaste

Discussion in 'Fundamental Analysis' started by ActionForex.com, Oct 31, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    U.S. consumer spending declined by 0.5% M/M in September, following the upwardly revised 1.4% M/M (previously report as +1.3% M/M) pop the month before. This was in line with the market consensus. The key factor pushing spending lower was the unwinding of the impact of the “cash for clunkers” program,...

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