Let's Not Spend and Have a Recession Instead

If you think that consumer spending is important to the economy, and, like, you probably do if you live on Earth, then this ought to interest you; it's the XRT index -- the S&P Retail Index:

XRT.gif

Consumers in the United States have stopped spending. Consumer spending is 66%+ of total Gross Domestic Product for a country. Recession, anyone?

Posted by Rob on April 2, 2008 09:30 PM | Permalink

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