Surveillance: Market Attitudes with Marks (Podcast)
Bloomberg Surveillance
00:00
Consumers Spending
There has been a reduction in real spending if you look generally at the trend. Over all, they continue to spend more, even as you so see new records every day of gas prices. The problem nere is that we're waiting for the other tho to drop. We've run out of all the stimulus money americans are dipping into their piggy banks. If the united states is not currently in recession, given these food costs, the energy costs, our fallen income, we will be in recession within the next six months.
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