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Do you ever read the articles to which you link?
Spending growth in February matched economists' expectations. The reading on income was a bit
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weaker than forecast.
Both the spending and income figures in Monday's report point to a modest economic recovery.
Many analysts predict the economy slowed in the first three months of this year after logging a big growth spurt at the end of 2009.
The economy will expand at a 2.5 percent to 3 percent pace in the January-to-March quarter, analysts predict. That's roughly half the 5.6 percent pace seen in the final quarter of last year.
In normal times, growth in the 3 percent range would be considered respectable. But the nation is emerging from the worst recession since the 1930s. Sizzling growth in the 5 percent range would be needed for an entire year to drive down the unemployment rate, now 9.7 percent, by just 1 percentage point.
High unemployment, sluggish wage gains, hard-to-get credit and record-high home foreclosures are all expected to deter consumers from going on a spending spree — one of the main reasons why the pace of the recovery will be more subdued than in the past.
A RECOVERING ECONOMY?
RESILIENT CONSUMERS: Consumers boosted their spending by a modest 0.3 percent in February even as their incomes stagnated. It marked the fifth month in a row that spending increased.
MORE CONFIDENCE: Consumer spending for the first quarter should clock in at a 3 percent pace, consistent with a modest "” not spectacular "” economic recovery, analysts predict.
HEADWINDS STILL IN THE PICTURE: High unemployment, sluggish wage gains, hard to get credit and rising home foreclosures are forces that will keep consumers from going on a spending spree anytime soon.
This recovery is weak - and occurring in a climate of the government prolonging the recession. We should be seeing higher growth and job creation - but the Big Government policies are retarding both.
Of course you do, you statist booby.
If oligarchs are bad, what is unfettered Big Government?
Do you ever read the articles to which you link?
Spending growth in February matched economists' expectations. The reading on income was a bit
Advertisement
weaker than forecast.
Both the spending and income figures in Monday's report point to a modest economic recovery.
Many analysts predict the economy slowed in the first three months of this year after logging a big growth spurt at the end of 2009.
The economy will expand at a 2.5 percent to 3 percent pace in the January-to-March quarter, analysts predict. That's roughly half the 5.6 percent pace seen in the final quarter of last year.
In normal times, growth in the 3 percent range would be considered respectable. But the nation is emerging from the worst recession since the 1930s. Sizzling growth in the 5 percent range would be needed for an entire year to drive down the unemployment rate, now 9.7 percent, by just 1 percentage point.
High unemployment, sluggish wage gains, hard-to-get credit and record-high home foreclosures are all expected to deter consumers from going on a spending spree one of the main reasons why the pace of the recovery will be more subdued than in the past.
A RECOVERING ECONOMY?
RESILIENT CONSUMERS: Consumers boosted their spending by a modest 0.3 percent in February even as their incomes stagnated. It marked the fifth month in a row that spending increased.
MORE CONFIDENCE: Consumer spending for the first quarter should clock in at a 3 percent pace, consistent with a modest " not spectacular " economic recovery, analysts predict.
HEADWINDS STILL IN THE PICTURE: High unemployment, sluggish wage gains, hard to get credit and rising home foreclosures are forces that will keep consumers from going on a spending spree anytime soon.
This recovery is weak - and occurring in a climate of the government prolonging the recession. We should be seeing higher growth and job creation - but the Big Government policies are retarding both.
Do you ever read the articles to which you link?
Spending growth in February matched economists' expectations. The reading on income was a bit
Advertisement
weaker than forecast.
Both the spending and income figures in Monday's report point to a modest economic recovery.
Many analysts predict the economy slowed in the first three months of this year after logging a big growth spurt at the end of 2009.
The economy will expand at a 2.5 percent to 3 percent pace in the January-to-March quarter, analysts predict. That's roughly half the 5.6 percent pace seen in the final quarter of last year.
In normal times, growth in the 3 percent range would be considered respectable. But the nation is emerging from the worst recession since the 1930s. Sizzling growth in the 5 percent range would be needed for an entire year to drive down the unemployment rate, now 9.7 percent, by just 1 percentage point.
High unemployment, sluggish wage gains, hard-to-get credit and record-high home foreclosures are all expected to deter consumers from going on a spending spree — one of the main reasons why the pace of the recovery will be more subdued than in the past.
A RECOVERING ECONOMY?
RESILIENT CONSUMERS: Consumers boosted their spending by a modest 0.3 percent in February even as their incomes stagnated. It marked the fifth month in a row that spending increased.
MORE CONFIDENCE: Consumer spending for the first quarter should clock in at a 3 percent pace, consistent with a modest "” not spectacular "” economic recovery, analysts predict.
HEADWINDS STILL IN THE PICTURE: High unemployment, sluggish wage gains, hard to get credit and rising home foreclosures are forces that will keep consumers from going on a spending spree anytime soon.
This recovery is weak - and occurring in a climate of the government prolonging the recession. We should be seeing higher growth and job creation - but the Big Government policies are retarding both.
Please post the link for where you got this.
It's a Mediocre recovery that is far less robust than it should be due to the government.
The people who deny it is starting to recover dont seem to want the recovery.
As more unemployed are removed from eligibility? LOL
Census counters account for how many?
It's a Mediocre recovery that is far less robust than it should be due to the government.
ding ,ding ding !
Its a We are recovering now arent we.
Yes, you booby. Economies go through cycles - there are more forces at work than just the government. The fact that businesses and individuals are struggling in the face of our government's horrible policies doesn't validate those policies.
The recovery is incredibly anemic - and would be more robust without the current government weighing it down.
The people who deny it is starting to recover dont seem to want the recovery.
eh...no. The people that deny that the economy is starting to recover are simply seeing it get worse all around them on a progressive and daily basis. It's kind of tough to buy into the blue skies and sunshine when the immediate forecast indicates severe weather ahead.
Personally, I'm not into weather reports. I'm into "being there" and experiencing the weather as it IS and it SUCKS.
ECONOMIC GOOD NEWS is propaganda to those praying for the economy to FAIL
When was the last time the Federal books were in the green Jackass?
When Clinton was President.