Academic

UNEXPECTEDLY: ?Consumer spending was stagnant in April while incomes posted a tiny advance, signs t?

By Glenn Reynolds

UNEXPECTEDLY: “Consumer spending was stagnant in April while incomes posted a tiny advance, signs that the economic recovery could slow. The flat spending level was the weakest showing in seven months, according to the Commerce Department report. Economists had expected a 0.3 percent rise. Personal incomes rose 0.4 percent, slightly off expectations.” But economists expect better performance in the future.

Full post as published by Instapundit.com on May 28, 2010 (boomark / email).