Archive for the 'Inflation' Category

Consumer Spending is Ugly

While spending increased in March by 1.8% over a year ago, adjusted for inflation it was way down. The only reason sales were positive was gasoline, though food sales were positive. Even there, that is mostly due to inflation and rising prices of food and staples.

Today’s Links: BCS Championship Monday Edition

To start off James Hamilton reviews last weeks depressing economic data, and its effect on the stock market. Which leads to the next question.
Trying to get defensive? The Wall Street Journal notices some of the same things we have been talking about that make it difficult, while the New York Times picks up on another [...]