For this first time in over one year, the United State's consumer spending has finally decreased. I have actually predicted this for a while considering the huge increases in consumer spending over the past year, especially the enormous 1 % increase in March. But "analysts" claim that the consumer spending is down simply due to the colder weather in January and February. I believe that the economy is finally starting to slip again after the rushed recovery, but nobody seems to agree with me. Do you think the drop in consumer spending has any significance?
I agree with you. To the govt and private enterprises with certain enterests and agendas, it's all about "the weather", which is really just another thinly-veiled attempt at "climate change" fear mongering - another way to make excuses and pile on more and more legislation and regulations.
No one's salary is going up and very few good jobs are coming to existence. I don't see how continued growth can continue on this track. Given there is more money than every, we don't have much to show for it.
I have personally predicted that we are going to see hard times again in the near future before things start to get better for a long run. The job market is still slim and people are still struggling to make ends meet. I know in my family, we still watch our pennies and are not going on any shopping sprees or spending too much money.
The economy needs more jobs, especially for all the recent graduates who are already looking for work and will continue to do so over the course of the summer. Furthermore, with school coming to a close, these summer months will provide important insight into consumerism if people tend to buy more stuff in the summer.
It's tough to make it in this world, so I myself have cut back on spending in order to save. I haven't been shopping like I used to and I know several who say the same thing. Like someone else said people aren't getting raises much anymore and things continue to go up in price. It just makes it harder and harder for those who make less.
Things are still rough for many people. I have been watching my pennies very closely as with everything going on in the world right now, I am nervous that our economy is going to tank.
All I'll say is that the economic can be doing not so well, but the market can still be doing well. BTW you should always state whether you talking Month to Month or Year over year when you referring to economical indicators.
The fed is pumping the markets up, while the economy is having a slow, anemic "recovery" a half decade later.
Economy hasn't been that great in a while now. The "recovery" is mainly just political talk, I really don't see a single sign of recovery on this side of the pond. (Europe) The US is doing a bit better but if (when?) the shit hits the fan in Europe, obviously the states are going to feel the consequences as well.
