Fri, 30 Sep 2005

Consumer spending, incomes fall

Would anyone care to bet against an imminent recession at this point?

Reuters - U.S. consumer spending dropped a larger-than-expected 0.5 percent in August, the biggest fall since November 2001, according to a government report on Friday that also showed a surprise decline in income that may have reflected Hurricane Katrina.

(link) [Yahoo! News: Top Stories]

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