Spending up - due to prices

Don't be fooled by a larger-than-expected increase in consumer spending. People aren't buying more - they're just paying more for what they buy.

[CyBear]

I think the LOWER UNEMPLOYMENT RATE will help too. That is, unless the MSM successfully trash talks the economy further.

http://biz.yahoo.com/ap/080502/economy.html...

[CyBear]

<< The Commerce Department reported Thursday that consumer spending was up 0.4 percent, double the increase economists had forecast. However, once inflation was removed, spending edged up a much slower 0.1 percent. >>

Does Crutsinger believe that the economists at the Commerce Department did not take inflation into account in their forecast? Apparently, he doesn't know much about economic statistics.

<< continued increases in unemployment. >>

What 'continued' increases in unemployment?

<< The department will release the unemployment figure for April today. Economists expect it will show the jobless rate rising to 5.2 percent, up from 5.1 percent in March, with the economy shedding jobs for a fourth straight month. >>

The number came in 5.0. Too bad for your doom and gloom narrative.

[steve baker]

And who benefits the most from higher prices without having to do anything?

States collecting Sales Tax!