Today’s articles on Consumer Spending

Given that Consumer Spending is around 70% of GDP, you should be paying attention to these…

Pimco’s Clarida Says U.S. Savings Rate May Exceed 8%
( http://www.etfdesk.com/headline.aspx?hId=1172 )

Consumer confidence unexpectedly falls in Sept
( http://www.etfdesk.com/headline.aspx?hId=1174 )

CEOs Don’t See Employment Picking Up Soon

( http://www.etfdesk.com/headline.aspx?hId=1181 )

U.S. Job Seekers Exceed Openings by Record Ratio Bottom of Form

( http://www.etfdesk.com/headline.aspx?hId=1182 )

Halloween Sales Take A Hit

( http://www.etfdesk.com/headline.aspx?hId=1183 )

Economists calling for a V-shaped recovery because of the logic that the greater the decline, the greater the rebound clearly are misguided to what role the trauma on the household balance sheet from the record amount of wealth that has evaporated in the past two years, and the trauma on the personal income statement from the lingering strains in the labor market, are going to exert on consumer attitudes and spending going forward.

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